Rcm
This query is : Resolved
VICKY TEJRAM NARAD
(Querist)
16 March 2019
Dear Sir,
I have paid RCM on Transportation charges paid for product against sales & Purchase and same treated as Expenses and debited to P&L A/c.We have paid GST 5% on RCM in GSTR3B and same amount taken as credit in the same month. This process is correct or not. Tax paid on RCM eligible to tax credit or not because it is not showing in GSTR2A. Please advise me.
Thanks & Regards
Vicky Narad
I have paid RCM on Transportation charges paid for product against sales & Purchase and same treated as Expenses and debited to P&L A/c.We have paid GST 5% on RCM in GSTR3B and same amount taken as credit in the same month. This process is correct or not. Tax paid on RCM eligible to tax credit or not because it is not showing in GSTR2A. Please advise me.
Thanks & Regards
Vicky Narad
CA PRAVEEN
(Expert)
16 March 2019
U can claim ITC if paid RCM on GTA 12% not 5%
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