Rcm on freight

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 August 2017 Dear Sir,
suppose freight paid Rs. 5500/- to individual truck owner who did not issued bilty. Under RCM what % rate gst would be payable.
Whether he can set offf this RCM liability against purchase itc?

16 August 2017 No GST payable under RCM in case transporter not issued GTA Bill. It is exempt.

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 August 2017 suppose itc on july purchase Rs. 10000/- and RCM payable on freight Rs. 500/-. Whether I can set off Rs. 500/- from Rs. 10000/- itc balance. In the month of July I have no sale.

16 August 2017 You have to pay RCM 500 and carry over ITC 10500 to next month.


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