reverse charge mechanism on transport
This query is : Open
MOHAMMED ASGAR Bhati
(Querist)
02 August 2017
Dear Sir/mam
I am normal trader and purchasing goods from inter state and in purchase transportation of goods is there so how would i collect the GST and how the RCM method is apply ..
Suppose for example :-
transporter charged 20000/- as freight so what is the amount of tax and how it is calculated in RCM method ???? can we claim rcm in same month or next month.
CA Rashmi Gandhi
(Expert)
02 August 2017
Calculate 5% GST on such transaction.
Claim ITC in same month.
MOHAMMED ASGAR Bhati
(Querist)
03 August 2017
but lot of ca says no itc available on reverse charge on freight. pls clarify
CA Rashmi Gandhi
(Expert)
03 August 2017
Not available to GTA but to supplier ITC available.
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