Hi.,
The freight mentioned in Bill of entry., can u confirm is it eligilbe to pay the GST against the RCM
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Freight charges in bill of entry - gst rcm
Replies (7)
Yes the recipient must pay GST under reverse charge i. e 2.5% cgst 2.5% sgst
whether this amt paid gst or 2.5% each can be taken ITC
Yes this can be taken as itc
Dear sir
in someone's query I came to know 5% we can't take ITC we can take ITC on 12% which is right sir please clarrify
in someone's query I came to know 5% we can't take ITC we can take ITC on 12% which is right sir please clarrify
Supply of GTA services alone is covered under RCM.
GTA service provider has an option to collect tax @ 12%. If GST is not charged in the invoice, then only the tax liability shifts to the recipient of GTA services.
Tax rate applicable in such case is 5% (if GTA service provider not claimed ITC), 12% (if he claimed ITC).
Therefore, the restriction of claiming ITC is for GTA service provider not for the recipient of such service.
f Service Receiver pays GST under RCM
Service receiver can always avail ITC on GST paid under RCM.
Service receiver can always avail ITC on GST paid under RCM.
Freight charges shown in the Bill of Entry attracts IGST.When an Importer pays customs duty he pays IGST along with Customs duty ie IGST is included in the duty structure of Customs duty.The IGST is payable on agreegate of Assesseble value ie CIF value+ Basic Customs duty+Social Welfare Surcharge. The importer afterwards claim IGST benefit as per GST Act. So in my view separate GST is reqiured to be paid like inland freight by RCM.
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