Gta service

We have purchase Machine from INTERSTATE  this month .Machine Transportation purpose Transporter (GTA service ) issue invoice value  Rs. 55000.00  without GST (RCM Basis) 

Our Question is  1) if we make payment Rs. 55000.00 then how to create payment voucher  

2) RCM & Payment voucher both are create for this above purpose 

 

 

Replies (3)
Query 1:

As per Rule 52 CGST Act : Payment Voucher :

a] name, address and Goods and Services Tax Identification Number of the supplier if registered;

[b] a consecutive serial number not exceeding sixteen characters, in one or multiple series, containing alphabets or numerals or special characters-hyphen or dash and slash symbolised as "-" and "/" respectively, and any combination thereof, unique for a financial year;

[c] date of its issue;

[d] name, address and Goods and Services Tax Identification Number of the recipient;

[e] descripttion of goods or services;

[f] amount paid;

[g] rate of tax [central tax, State tax, integrated tax, Union territory tax or cess];

[h] amount of tax payable in respect of taxable goods or services [central tax, State tax, integrated tax, Union territory tax or cess];

[i] place of supply along with the name of State and its code, in case of a supply in the course of inter-State trade or commerce; and

[j] signature or digital signature of the supplier or his authorised representative.

Query 2:
Yes RCM ,payment voucher, self tax invoice has to be made.

Thanks Sir

what is the Tax rate & .SAC Code aplicable for GTA Service RCM Basis & Can We take Input Tax Credit for this

SAC CODE 9965

RATE OF RCM : 5%

YES YOU CAN TAKE THE INPUT FOR THE RCM DEPOSITED

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