Credit of ITC of Reverse Charge Tax Paid

You can take credit of challan paid under reverse charge only against reverse charge liability

if i supply wholly exmpted goods can i take reverse charge tax paid by chaalan ,as a credit

what is reverse charge

what is reverse charge

gta reverse charge

GTA SERVICE reverse charge

@  Prabhjot Singhji

Reverse charge is a concept as it was in service tax

where receiver of service have to pay GST as per rates mentioned in Act to the Goverment 

such reverse charge is to be paid by registered person if he receive any supply (i.e. Goods or services) from any unregistered person for furtherance of business  

 

@ Sandeep Sainiji

Credit of reverse charge will be allocated to your reverse charge lability 

 

I am pleased to announce you that my featured online store has opened with the new Designer Collections.
You can Check now on www.sweetysharma.com

https://www.facebook.com/SweetySharmaOfficial/

a contractor purchases steel, cement, bricks,engages labour and construct auditorium building which is used for commercial purposes by prasar Bharti an autonomous body /corporation.
prasar Bharti asks contractor to quote rate excluding taxes of GST paid on materials.works contract @ 18% is paid by prasar Bharti to GST department.can prasar Bharti gets ITC of @ 18% . again prasar Bharti do commercial business with the said building.
if prasar Bharti uses building as an office then ITC is available with prasar Bharti.
if not then we should ask contractor to quote rate taking into account his gst paid on materials and prasarbharti will pay 18% gst as a contract tax,and contractor will get ITC on materials purchased.

RCM PAYABLE / RCM BILL WHERE TO SHOW IN GSTR 1?

Pl. make note this forum is for issue related taxes not business adv.