I am paying gst under RCM against payment for gta services as the recipient of services. Can I claim input credit for the same in my 3b return ?
This is compulsory RCM.
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Input credit on taxes paid under rcm
Replies (7)
Quick Summary
Yes offcourse you can avail ITC.
Note : Subject to condition that you are not registered as Composition dealer.
Note : Subject to condition that you are not registered as Composition dealer.
Yes, avail itc in gstr 3B in column itc from reverse charge.
Provided it an input service which is used in furtherence of your business.
Yes you can claim the ITC on the RCM Supplies and also in future in the same months in which the tax is paid
Where the GTS is not eligible to take ITC for the supplies effected by it and the liability under GST is discharged under reverse charge basis, the receipient of GTA service discharging the tax liability is entitled to take ITC of the amount of tax paid under reverse charge provided it is used.
Yes Amal Mukherjee Sir, You can claim ITC on GST paid ( 5% ) under RCM basis for GTA Services.
Can I take 100% RCM input when I exempted goods or nil rated goods transported
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