ITC ON RCM OF TRANSPORT CHARGES
ABC MANUFRACTURE COMPANY hires GTA for supplies of goods and pay frieght and pay GST @ 5% can ABC availed Credit
Replies (5)
Quick Summary
Yes, ITC can be availed on payment by tax under RCM by cash.
Yes,you can mention the details in Gstr 3B and can avail ITC.
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
Yes ITC can be claimed
Yes ITC available subjecto section 16 & 17
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- 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
Related Topics :
CAclubindia
