RCM by Transpoter
This query is : Resolved
Quick Summary
23 December 2020
Hi,
Please clear to us.
We have received the services from 3 transporter fright GR Value Rs.98000/- and deposit the RCM for RS.4900/-
In November 2020 We have claimed the ITC in 3B. But out of 3 Transpoter one has deposit amount 1900/-under RCM same shown in my GSTR-2A Under reverse Charges Yes. So Can i Claim ITC which was shown in my 2A or note
(2) Why 2 transpoter has not deposit the RCM
Please Suggest Sir,
Hi,
Please clear to us.
We have received the services from 3 transporter fright GR Value Rs.98000/- and deposit the RCM for RS.4900/-
In November 2020 We have claimed the ITC in 3B. But out of 3 Transpoter one has deposit amount 1900/-under RCM same shown in my GSTR-2A Under reverse Charges Yes. So Can i Claim ITC which was shown in my 2A or note
(2) Why 2 transpoter has not deposit the RCM
Please Suggest Sir,
23 December 2020
Your query is not clear.
If you received services from transporters and paid tax under RCM, why should the transporter deposit tax again?
You can claim ITC on RCM in the same month
If you received services from transporters and paid tax under RCM, why should the transporter deposit tax again?
You can claim ITC on RCM in the same month
23 December 2020
RCM you have to pay and not the transporter.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ITDS U/S.194T of Firm
- NRI starting business in India
- ADVANCE PAYMENT OF ADVOCATE
- CREDIT NOTES WITHOUT GST
- FORM 141 SDV query
- Eway bill not cancelled within 24 hous what can be due
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Sales of goods of amount Rs97 lakhs to a party
- GST rate and HSN code for sale of racing horses
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
