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RCM

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This query is : Resolved

Quick Summary

If your company is registered under GST and has paid ₹560 (including CGST and SGST) to a registered GTA, you can claim this credit. The GTA has the option to charge 5% without ITC or 12% with ITC on a forward charge basis. You are eligible to claim the ITC for the GST paid by the GTA on a forward charge basis.

Harikrishnan

Harikrishnan (Querist)
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16 January 2020 Our company has registered under GST regime and paid rupees 560(500 + 6% CGST + 6% SGST) to a Regd. GTA. In our GSTR2A of December 2019 has shows the same 6% CGST & 6% SGST. Can we take this credit in our GSTR3B

CA Anita Bhadra

CA Anita Bhadra (Expert)
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16 January 2020 Yes , You can take credit . GTA has option to raise bill with 5% without ITC ( RCM ) or 12% with ITC on forward charge basis
.The recipient would be eligible for ITC of the GST paid by GTA on forward charge basis.

Harikrishnan

Harikrishnan (Querist)
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16 January 2020 Thanks, Thank you very much madam

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