we are transport service provider
.we issur invoice of RCM.
.we issue tax invoice @ 5% on outward supply
Q 1. can we issue both type of invoice.
Q2 can we get credit of purchade on raw material of tyre etc.
Menu
ITC in case of GTA
Replies (2)
your make invoice rcm and 5% both but no itc
If u want to take input tax credit, u will need to get registered & charge GST @ 12% in tax invoice, in this case only u will able to claim credit.
You will not get any credit if your service falls under rcm..i.e, recipient is paying tax @ 5% under rcm
U can issue tax invoice if only u are a registered dealer , otherwise no need to issue tax invoice. Simple bill will be ok.
You will not get any credit if your service falls under rcm..i.e, recipient is paying tax @ 5% under rcm
U can issue tax invoice if only u are a registered dealer , otherwise no need to issue tax invoice. Simple bill will be ok.
Recent Threads
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
- Tds penalty for in operative pans
- TDS on Property- 26QB filing Doubt
Related Threads
CAclubindia
