Dear Experts,
Need practical guidance on a GTA reverse charge query:
* Situation: We (GST registered) bought construction materials from another state. Road freight of ₹450 was paid directly in cash to the transporter (GST registered).
* Issue: The transporter didn't upload the invoice, so it does not appear in our GSTR-2B.
Questions:
* Post the withdrawal of the ₹750 threshold (Notification 04/2022-CT(R)), are we legally required to self-invoice and pay 5% RCM on this nominal amount in GSTR-3B?
* If RCM is paid, can we claim ITC, or is it blocked under Section 17(5)(d) if the construction materials are capitalized to immovable property?
* How is such nominal petty-cash freight handled during department audits?
Looking forward to your guidance.
CAclubindia
