GST input credit on Reverse Charge paid on transportation services?

ITC / Input 371 views 9 replies
Sir
pls refer the above cited question, Kindly let me know your advice.
Replies (9)
The Service Receiver that is Registered Person under GST is require to issue taxable invoice on its own that is Self invoicing under section 31(3)(f) of CGST act 2017.Self invoicing is required in order to avail Input tax credit on the Tax paid on RCM to government. As Possession of Invoice is a basic element in order to claim ITC of Tax paid against any supply.

As per Notification 22/2017 CT (R) , If GTA charge 12% on forward charge , the Recepient can avail ITC (No Need to Do RCM)
if I pay reverse Charge @ 5% u/s 9(3) for procument of Textile products and my output goods is the same products. the ITC can be availed on the said reverse Charge?
Yes ..............You can
Sir,
Thank you So much for your kind help.
but my concern on section 17(5) ineligible GST credit on Transportaion services if we paid reverse Charge?
What is Your nature of Business...?
How is the service comes under sec 17(5)...?
Nature of business is trading of Textile...

"ineligble input u/s 17(5) & u paid reverse charge"......could not get you ....as if it is ineligible then no question of doing RCM

Sir,
may I get your contact no, then I may describe properly.

9888014884...................................


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