Frieght input

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744 Points Posted on 12 April 2021
we paid tax 5 percent on fright can we take input
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On 12 April 2021 at 18:50 Report
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Quick Summary
This discussion clarifies whether input tax credit (ITC) can be claimed on freight charges. If you've paid tax under the Reverse Charge Mechanism (RCM) for transportation services provided by a Goods Transport Agency (GTA), you are generally eligible to claim this ITC.

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CMA
13117 Points Posted on 12 April 2021
Assuming that it is paid on RCM against transportation charges to GTA, you may take such ITC.
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On 12 April 2021 at 19:05
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2742 Points Posted on 18 April 2021
Yes you can take, paid on RCM
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On 18 April 2021 at 08:26

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