when we will get itc of tax paid under reverse charge for the month of July in gstr 3b.
ITC of reverse charge???
Replies (24)
amount will be reflect on cash ledger show.
it is not showing there
what kind of reverse charge u have to pay ?
if u buy from unregistered person and the amount exceeds 5000 a day.. then the eligibility to pay register person & there is no itc claim input tax under GST.
reverse charge only basis for some expenses & freight charges.
freigt gst paid at the rate of 18 %.
is this ineligible for credit purpose.
is this ineligible for credit purpose.
freight GST paid 5%
reverse charge condition
when we pay 5% there is no itc
so we pay 18% to get credit
Tax paid on reverse charge basis will be available for input tax credit if such goods and/or services are used, or will be used, for business. The recipient (i.e., who pays reverse tax) can avail input tax credit.
5% without ITC only for GTA, if it is paid under reverse charge, still you will get credit.
@ Shifa.,
You must get it as ITC....
You ll complete your monthly returns then you can get...
You must get it as ITC....
You ll complete your monthly returns then you can get...
if GTA (reg.) paid 5% GST than why should we need to pay on RCM basis ?
he declared that he is paid but not shown on bill.
he declared that he is paid but not shown on bill.
Recent Topics :
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
Related Topics :
CAclubindia
