banner_ad

Reverse Tax

This query is : Resolved 
Profile Image

Guest

Profile Image

Guest (Querist)
03 March 2021 A clearing and forwarding agent incurs expenses like loading, unloading, repacking, transhipment, freight, demurrage and gets reimbursed from his principal. The agent collects gst and pays it each and every month too. Is the agent liable to pay reverse tax? Technically there will be no such reverse tax as he pays the gst collected from his principal every month. Still, is it mandatory for the agent to offset the reverse tax in his monthly 3B return?
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
03 March 2021 Only the principal is liable to pay RCM on freight charges and claim ITC.
Profile Image

Guest

Profile Image

Guest (Querist)
03 March 2021 Thank you sir. Reverse tax is indeed a headache.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details