Rcm on freight charges
This query is : Resolved
04 May 2018
Dear Expert
Kindly advise we are manufacturer and we have expenses of Freight inward and outward, what is the rate of tax applicable for this with Input Tax Credit and also confirm some of our supplier collect GST on Freight charges also for which RCM is payable or not required
Kindly advise we are manufacturer and we have expenses of Freight inward and outward, what is the rate of tax applicable for this with Input Tax Credit and also confirm some of our supplier collect GST on Freight charges also for which RCM is payable or not required
04 May 2018
5% GST applicable under RCM on inward freight paid to GTA. Input credit available on it. GST on outward freight payable at 5% under RCM by your customers.
If your supplier collect GST on Freight charges also for which RCM is not payable.
If your supplier collect GST on Freight charges also for which RCM is not payable.
04 May 2018
Dear Sir
Kindly note both Inward and Outward freight we have paid my doubt is whether both are payable under RCM @ 5% without ITC or 12% with ITC kindly clarify sir.
Kindly note both Inward and Outward freight we have paid my doubt is whether both are payable under RCM @ 5% without ITC or 12% with ITC kindly clarify sir.
05 May 2018
Inward freight 5% payable under RCM ITC can be claimed on it. Outward freight GST rate is based on applicable goods supply rate.
06 May 2018
5% No ITC
OR
12% with ITC
OR
12% with ITC
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