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ajay (CA Job)     06 May 2021

Input Credit regarding reverse charges

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


 5 Replies

Sourav

Sourav (Student)     06 May 2021

ITC cannot be availed in case of reverse charge mechanism
ajay

ajay (CA Job)     06 May 2021

Sir, please send any link regarding reverse charge mechanism
Lotus Choudhary

Lotus Choudhary   06 May 2021

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.
CMA Poornima Madhava

CMA Poornima Madhava (CMA)     06 May 2021

Originally posted by : ajay
open quote Sir, please send any link regarding reverse charge mechanism close quote

Here it is: https://cleartax.in/s/reverse-charge-gst

Pankaj Rawat

Pankaj Rawat (GST Practitioner)     08 May 2021

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.

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