Reverse charge - bill

Save Share

This query is : Resolved

ANIMESH PANDEY (Querist)
Follow

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)
Follow

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)
Follow

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)
Follow

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.

VK

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now