Goods transport agency

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Advocate
10 Points Posted on 28 January 2020
If i have to pay 5 %reverse charge on goods and transport agency can i take input after pay reverse charge
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On 28 January 2020 at 09:34 Report
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Quick Summary
This discussion clarifies whether input tax credit (ITC) can be claimed after paying the 5% reverse charge on goods transport agency services. The consensus is a clear 'yes' – you are eligible to claim ITC for the GST amount paid under the reverse charge mechanism (RCM).

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58 Points Posted on 28 January 2020
Yes,you can take input tax credit of GST amount that is paid under RCM.
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On 28 January 2020 at 09:41
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"Do the Right Thing...!!!"
128162 Points Posted on 28 January 2020
Yes... You can take Input Credit for the payment of RCM related tax...
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On 28 January 2020 at 10:05
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ACCOUNTANT
2975 Points Posted on 28 January 2020
You can take itc for rcm paid amount.
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On 28 January 2020 at 10:46

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