if a regd. dealer takes GTA services from unregd. GTA, who is liable to raise invoice ? whether tax under RCM to be paid u/s 9(3) or 9(4) ?
Menu
Invoice in gst
Replies (1)
RCM payable u/s 9(3).
For availing the input on reverse charge, you need to raise an invoice on self and should issue a payment voucher at the time of making payment to the transporter. Sec.31(3)(f) and (g) of the CGST Act, 2017.
You can take the input of the reverse charge tax paid as above. Sec.2(62) of the CGST Act, define input tax and includes tax payable under reverse charge basis.
For payment of reverse charge tax, any credit cannot be used and must be paid in cash. As per Sec.49(4) of the CGST Act, ITC can be used for payment of output tax and Sec. 2(82) of the CGST Act, excludes tax payable under reverse charge basis in output tax definition.
Recent Topic
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
- Form 103 id delayed for submission for more than 1
- Composition scheme
- Input tax credit under igst under insurance compan
- ITR Form to be used
Related Topics
CAclubindia
