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GTA Reverse charge

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Senior Accountant
80 Points Posted on 05 September 2020
In Transport bill supplier mentioned 5% Gst.

It is coming under RCM. Or directly input taken this bill.

pls suggest me.
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On 05 September 2020 at 13:34 Report
Replies (5)
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493 Points Posted on 05 September 2020
If supplier mentioned 5% gst on freight than you can't take ITC for this if you want to take ITC then convince supplier to charge 12% or 18% gst on frieght
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On 05 September 2020 at 14:15
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T
405 Points Posted on 05 September 2020
1st pay tax to goverment then take credit as it is rcm
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On 05 September 2020 at 14:39
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Tax and Business Consultant
11616 Points Posted on 06 September 2020
It's only mentioned on transport bill, GTA is comes under RCM.
Are you paid to transporter amount without GST or with GST of 5% ?
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On 06 September 2020 at 00:09
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Student
22 Points Posted on 06 September 2020
Pay 5% GST on RCM and take ITC of the same.
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On 06 September 2020 at 05:27
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Senior Accountant
80 Points Posted on 06 September 2020
With gst
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On 06 September 2020 at 06:42


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