RCM
This query is : Resolved
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KUMAR AINKAR
(Querist)
20 February 2020
We got a GTA invoice without charging GST under RCM.
But GTA has paid 5% GST and the said bill is reflecting in our GSTR2A with GST.
Can we take the said GST which was paid by GTA as an ITC?
Please advice.
But GTA has paid 5% GST and the said bill is reflecting in our GSTR2A with GST.
Can we take the said GST which was paid by GTA as an ITC?
Please advice.
Rajesh Kumar
(Expert)
20 February 2020
Yes. Input Tax Credit is available.
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Amol S Joglekar
(Expert)
20 February 2020
since GTA has paid the GST and the same is getting reflected in your 2A, you can avail the ITC for the same.
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KUMAR AINKAR
(Querist)
22 February 2020
Thank you very much for the information.
I have another question if GTA has already paid the 5% gst under RCM then what would be the liability on us under RCM on the same transaction.
I have another question if GTA has already paid the 5% gst under RCM then what would be the liability on us under RCM on the same transaction.
24 February 2020
In my view ITC is not available since it was not paid by the recipient.
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