CA Final/Inter Fast track classes available for May 20 attempt. Call: 1800-3000-0505

RCM

This query is : Resolved 

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.


Yes. Input Tax Credit is available.

since GTA has paid the GST and the same is getting reflected in your 2A, you can avail the ITC for the same.

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.

In my view ITC is not available since it was not paid by the recipient.


You need to be the querist or approved CAclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :





close
CA Learning