Gta - gst

sakthi (Business consultant ) (137 Points)

12 July 2018  

Hi Friends,

I have a basic doubt in GST GTA - Reverse Charge mechanism. I am receiving a frieght / transportation bill from Regd. person and he is charging 2.5% CGST and 2.5% SGST in the bill. Since the GTA is comes under RCM, how will i treat this input GST in tally while entering? While in RCM the GTA is comes under GST 12%, shall i consider this 2.5% SGST & 2.5% CGST as cost? If so the tranporter also has paid as output in their account, correct? How to account and how to treat? Pl advice.

 

rgds

sakthi