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ITC of reverse charge???

ITC / Input 813 views 24 replies
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article assistant
44 Points Posted on 25 September 2017

when we will get itc of tax paid under reverse charge for the month of July in gstr 3b.

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On 25 September 2017 at 00:12 Report
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573 Points Posted on 25 September 2017
amount will be reflect on cash ledger show.
1 Reply
On 25 September 2017 at 00:18
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article assistant
44 Points Posted on 25 September 2017
it is not showing there
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On 25 September 2017 at 00:21
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573 Points Posted on 25 September 2017
what kind of reverse charge u have to pay ?
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On 25 September 2017 at 00:22
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573 Points Posted on 25 September 2017
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.
1 Reply
On 25 September 2017 at 00:24
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573 Points Posted on 25 September 2017
reverse charge only basis for some expenses & freight charges.
1 Reply
On 25 September 2017 at 00:25
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article assistant
44 Points Posted on 25 September 2017
freigt gst paid at the rate of 18 %.
is this ineligible for credit purpose.
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On 25 September 2017 at 00:33
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573 Points Posted on 25 September 2017
freight GST paid 5%
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On 25 September 2017 at 00:34
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573 Points Posted on 25 September 2017
reverse charge condition
1 Reply
On 25 September 2017 at 00:35
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article assistant
44 Points Posted on 25 September 2017
when we pay 5% there is no itc
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On 25 September 2017 at 00:36
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article assistant
44 Points Posted on 25 September 2017
so we pay 18% to get credit
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On 25 September 2017 at 00:36
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573 Points Posted on 25 September 2017
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.
1 Reply
On 25 September 2017 at 00:39
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Proprietor
171 Points Posted on 25 September 2017
5% without ITC only for GTA, if it is paid under reverse charge, still you will get credit.
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On 25 September 2017 at 05:38
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"Do the Right Thing...!!!"
128147 Points Posted on 25 September 2017
@ Shifa.,
You must get it as ITC....
You ll complete your monthly returns then you can get...
463 Reply
On 25 September 2017 at 06:45
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264 Points Posted on 25 September 2017
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.
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On 25 September 2017 at 07:02


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