Reverse charge - bill

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ANIMESH PANDEY (Querist)
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14 July 2017 Dear Sir ,
we are a company, we are receiving services from GTA . As we know , we have to pay GST on such service in reverse charge @ 5% with No ITC.
Now my question is :-
1) whether we have to issue an invoice to the GTA against payment of GST in reverse charge ?
2) If,yes , how should be the format of such invoice and how many copies of that we have to prepare?

CA. Vinodh Kothari

CA. Vinodh Kothari (Expert)
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15 July 2017 If your company is receiving GTA services then the GTA Agent will give you consignment note or LR based on which you have to pay GST on RCM @ 5% and ITC on the same can be claimed. If you are not receiving any Consignment Note or Lorry Receipt then you have to pay GST on RCM @ 18% and claim ITC.

RCM Invoice can be prepared in normal invoice format.

VK

ANIMESH PANDEY

ANIMESH PANDEY (Querist)
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15 July 2017 Thnx sir , but pls clear whether that RCM invoice will be issued by the company or the GTA

CA. Vinodh Kothari

CA. Vinodh Kothari (Expert)
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15 July 2017 GTA Will give you Consignment Note or Lorry Receipt. You have generate RCM invoice from your software for the purpose of accounting.

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