ITC ON RCM OF TRANSPORT CHARGES
nirmal chauhan (16 Points)
03 September 2021
ABC MANUFRACTURE COMPANY hires GTA for supplies of goods and pay frieght and pay GST @ 5% can ABC availed Credit
nirmal chauhan (16 Points)
03 September 2021
CMA Poornima Madhava
(CMA)
(13062 Points)
Replied 03 September 2021
Yes, ITC can be availed on payment by tax under RCM by cash.
Seema Gupta
(auditor)
(278 Points)
Replied 04 September 2021
Seema Gupta
(auditor)
(278 Points)
Replied 04 September 2021
ABC manufacturer Company is Consigner and if Consigner avails the freight services as if the Consigner pays the freight charges then he will pay the gst charges and can avail the ITC on reverse charge basis
CA Altamush Zafar
(GST Consultant)
(11426 Points)
Replied 05 September 2021
Yes ITC available subjecto section 16 & 17
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