Rcm
This query is : Resolved
suraj pant
(Querist)
22 May 2018
sir
we are receiving transportation invoices under Reverse charge mechanism from GTA's, and same we have raised to our client but in a tax invoice form. we had receive gst amount on transportation services now that cause we had face double tax liability problem .
so please suggest can we take input credit of rcm amount (already paid at end of month) ???
we are receiving transportation invoices under Reverse charge mechanism from GTA's, and same we have raised to our client but in a tax invoice form. we had receive gst amount on transportation services now that cause we had face double tax liability problem .
so please suggest can we take input credit of rcm amount (already paid at end of month) ???
CA Kartik Pandya
(Expert)
23 May 2018
yes you can avail the ITC subject to the rate of GTA . . .
Message likes :
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suraj pant
(Querist)
23 May 2018
sir
first of all thank you very much for your reply ..
now i have one more query about in rcm case.
Tpt bill receive under rcm and bill raised to our client in under gst (both are 5%)
so it is right we can take rcm 5% credit in our books
first of all thank you very much for your reply ..
now i have one more query about in rcm case.
Tpt bill receive under rcm and bill raised to our client in under gst (both are 5%)
so it is right we can take rcm 5% credit in our books
CA Kartik Pandya
(Expert)
23 May 2018
yes you can claim the ITC . . .
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