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ITC of reverse charge???
GTA can't paid if you are registered dealer... You only pay 5% under RCM basis...
Replies (24)
GTA can't paid if you are registered dealer... You only pay 5% under RCM basis...
u book purchase itc sheet column no. 4
I am sorry ti say there are very wrong answers on this forum.
Shifa,
You can get ITC credit if RCM in same month. If you have forgot to demand in July you can do it in Aug GSTR3b.
Ankit,
Amount will be reflected in credit ledger as ITC.
Also ITC on amount above 5000 IS also eligible except for few items that food, radio taxi etc
Shifa,
You can get ITC credit if RCM in same month. If you have forgot to demand in July you can do it in Aug GSTR3b.
Ankit,
Amount will be reflected in credit ledger as ITC.
Also ITC on amount above 5000 IS also eligible except for few items that food, radio taxi etc
RCM on GTA if paid by recipient is 5% and credit can be taken. No need to pay 18%.
Baldev,
If regd. GTA has charged GST then it has to be shown on invoice. then no need to pay on RCM basis. IF GST is not shown on invoice then you have to pay on RCM basis and take credit later
If regd. GTA has charged GST then it has to be shown on invoice. then no need to pay on RCM basis. IF GST is not shown on invoice then you have to pay on RCM basis and take credit later
Raja Ji,
Regd. GTA can also charge GST irrespective of recipient/seller is regd or unregistered.
Regd. GTA can also charge GST irrespective of recipient/seller is regd or unregistered.
Yes me too agree with Mr. anushul Aggarwal
pls answer Raja sir
pls answer Raja sir
https://cleartax.in/s/goods-transport-agency-under-gst
tell me in about reverse charges & percentage on frieght and other expenses which is under reverse charges
how to show stock summery with HSN code in Tally erp9
pls. answer Mr. Raja ji
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