Reverse Charge on transport
This query is : Resolved
17 May 2024
Dear All
I am paying freight in cash to transpoters. Some bills are reflecting under GST for which I am liable to pay reverse charge but others it is not showing. Do I have to pay reverse charge on that also and claim the input credit for that or i need not to consider the amount which is not in GST.
I am paying freight in cash to transpoters. Some bills are reflecting under GST for which I am liable to pay reverse charge but others it is not showing. Do I have to pay reverse charge on that also and claim the input credit for that or i need not to consider the amount which is not in GST.
17 May 2024
RCM applicable only in case transport through GTA.
You need not pay reverse charge for other transport not reflecting GST.
You need not pay reverse charge for other transport not reflecting GST.
17 May 2024
If the bills which are not reflecting in GSTR 1 also pertains to GTA then RCM will apply on these bills also.
You will be recording the cash paid as transport expenses in your books of accounts.
You will be recording the cash paid as transport expenses in your books of accounts.
17 May 2024
Yes, RCM applicable in such a case of GTA.
Yes, record it as transport expenses no problem.
Yes, record it as transport expenses no problem.
18 May 2024
RCM is applicable on GTA Services subject to transporter issues Consignment Note that is that Law Says, but to avoid any litigation in future you can Pay RCM and get away with it
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- Traces submitting correction statement error
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Taxability of credit in canara bank ET & T section (NRO)
- Loss of interest in PF transfer from EPFO to Trust
- ITR-Capital Gain
- IT returns for fresh job holders
- F&O reporting in ITR
- ITR-3 File/Error Found
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
