Dear Sir,
We get input GST credit on goods purchase and out put gst on goods sold
but what we will do when gst on freight, we get input on gst on freight definitely
explain me concept of gst on reverse charge like freight on goods
Regards
Dr. Ajay Jajodia
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Input Credit regarding reverse charges
Replies (5)
ITC cannot be availed in case of reverse charge mechanism
Sir, please send any link regarding reverse charge mechanism
Normally SUPPLIER of goods/service pay gst. But under reverse charge mechanism, the recipient of service is liable to pay gst. and in ur case u will get the credit but that is called credit of taxes paid on RCM basis and not input credit.
| Originally posted by : ajay | ||
 |
Sir, please send any link regarding reverse charge mechanism |  |
Here it is: https://cleartax.in/s/reverse-charge-gst
As per Notification 13/2017 CT (r) , GTA (goods transport agency) services are cover under RCM . So inward supply from GTA is under RCM & Recepient of services is liable to RCM .
As per Notification 20/2017 CT (R) , if GTA is charging 12% on his bill then RCM do attract , the Recepient can claim ITC on same.
As per Notification 20/2017 CT (R) , if GTA is charging 12% on his bill then RCM do attract , the Recepient can claim ITC on same.
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