Updated Online video classes available for CA,CS,CMA for May20 and Nov20 batch. Call: 1800-3000-0505

Rcm in case of gta


uma shankar khatri (proprietor)     11 September 2019

uma shankar khatri
proprietor 
 78 points

| My Other Post

I am Registered person. I am purchasing goods from a Registered person. Trasporter is Registered GTA. Tranporter is not charging GST in INVOICE cum GR9goods receipt). Transaction is INTRA STATE . Transportation charges are more than 5000.00.

Q-1 Shoult I pay CGST & SGST under Reverse Charge ?

Q-2 If YES ,Then at what Rate ?

Q-3 HOW should I prepare SELF INVOICE under RCM.?

Q-4 Can I take ITC in the same Month ? I recd. goods despatched on say 31-8-19 on 1-9-2019, Then In which month I will enter the Purchase ? In which month & On which Date I will Pay GST under Reverse Charge? In which month's Return I will get ITC? Will the payment of GST to be made by CASH only ?

 

avater

Sajal Mandal   11 September 2019

Sajal Mandal

 14 likes  275 points

View Profile | My Other Post

A-1 Yes
A-2 CGST 2.5% and SGST 2.5%
A-3 Self invoice shall prepare as per section 31 of CGST Act, 2017
A-4 If you pay reverse charge tax in August months GST3B then you shall take ITC in August months GSTR3B ( As per sec 16)

RAJA P M ("Do the Right Thing...!!!")     11 September 2019

RAJA P M
"Do the Right Thing...!!!" 
 7931 likes  108144 points

View Profile | My Other Post

- Yes.... CGST and SGST
- 5%
- As per Your own with required fields.
- ITC can be claim same month.
- 1.9.19
- pay on sepc19
- take ITC sepc19
- Yes.. only cash.

uma shankar khatri (proprietor)     12 September 2019

uma shankar khatri
proprietor 
 78 points

View Profile | My Other Post

Mr. Mandal & Mr Raja, thanks for proper and prompt respose.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Popular Discussion


view more »