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Input credit eligible for GTA RCM...?

M RAJAMOGILI (asst accountant) (58 Points)

07 June 2018

we have paid 5% RCM on GTA can we availed input ceredit .please give suggestions.

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6 Replies

Bibek jaiswal (Accountant) (528 Points)
Replied 07 June 2018

yes you can take input of RCM paid on GTA in the month payment

M RAJAMOGILI (asst accountant) (58 Points)
Replied 07 June 2018

thanks for your reply.is there any notification please share us....

Bibek jaiswal (Accountant) (528 Points)
Replied 07 June 2018

Please refer section 9(3) of GST and GTA services under GST

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Sundararajan S (Final Student of ICAI) (1764 Points)
Replied 07 June 2018

According to Section 16, input tax credit includes tax paid u/s 9(3) and 9(4).

Pankaj Rawat (GST Practitioner) (55062 Points)
Replied 07 June 2018

Section 2(98) CGST Act "reverse charge" means the liability to pay tax by the recipient of supply of goods or services or both instead of the supplier of such goods or services or both under sub-section [3] or sub-section [4] of Section 9, or under sub-section [3] or subsection [4] of Section 5 of the Integrated Goods and Services Tax Act;