Rcm on gta services for interstate supply
This query is : Resolved
03 October 2017
HELLO,
I AM A REGISTERED TRADER IN DELHI (WHOLESALER) DEALING IN ONLY ONE TAX SLAB ITEM @ 18%, I BUY MY GOODS FROM OTHER STATES LIKE JHARKHAND AND HARYANA. THE TRANPORTER ISSUES BUILTY TO ME THAT DOES NOT CHARGE GST. MY QUERIES ARE : -
1. AM I SUPPOSED TO DEPOSIT RCM ON CARTAGE INWARD ? IF YES, THEN AT WHAT % AND UNDER WHAT HEAD (IGST OR SGST-CGST)?
2. WHAT ENTRIES DO WE PASS FOR ACCOUNTING PURPOSE TO RECORD THIS ?
3. WHEN CAN I TAKE ITC BENEFIT FOR RCM DEPOSITED ?
THANKS YOU
I AM A REGISTERED TRADER IN DELHI (WHOLESALER) DEALING IN ONLY ONE TAX SLAB ITEM @ 18%, I BUY MY GOODS FROM OTHER STATES LIKE JHARKHAND AND HARYANA. THE TRANPORTER ISSUES BUILTY TO ME THAT DOES NOT CHARGE GST. MY QUERIES ARE : -
1. AM I SUPPOSED TO DEPOSIT RCM ON CARTAGE INWARD ? IF YES, THEN AT WHAT % AND UNDER WHAT HEAD (IGST OR SGST-CGST)?
2. WHAT ENTRIES DO WE PASS FOR ACCOUNTING PURPOSE TO RECORD THIS ?
3. WHEN CAN I TAKE ITC BENEFIT FOR RCM DEPOSITED ?
THANKS YOU
03 October 2017
The GTA is a notified service for following RCM. Therefore, in view of the fact that consignment note is there and no GST has been charged from you, pl pay the GST @5% IGST on the value of the cartage and take credit any time after payment.
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03 October 2017
1. Yes you have to pay IGST@5%
3. Claim ITC in same month.
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03 October 2017
Thanks a lot for the reply.
It's IGST because cartage inward is for interstate purchase or GTA RCM is always deposited under IGST. Just for info - My transporter is from Delhi itself and prints GST no. on builty.
Also can someone help with rhe entries to be passed to record this on busy. I use busy for e returns it would automatically pick it if entries passed in busy. Thanks is advance already.
It's IGST because cartage inward is for interstate purchase or GTA RCM is always deposited under IGST. Just for info - My transporter is from Delhi itself and prints GST no. on builty.
Also can someone help with rhe entries to be passed to record this on busy. I use busy for e returns it would automatically pick it if entries passed in busy. Thanks is advance already.
20 July 2025
Pay 5% IGST under RCM for GTA services on interstate cartage.
Claim ITC in the same GST period when you pay the tax.
Pass accounting entries recording expense + IGST input and GST payable.
Claim ITC in the same GST period when you pay the tax.
Pass accounting entries recording expense + IGST input and GST payable.
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