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rcm input
If we charge 5% rate in transportation charges under rcm then input is available?
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If charged gst @ 5%, then ITC not available.
| Originally posted by : Neeraj Joshi | ||
 |
If we charge 5% rate in transportation charges under rcm then input is available? |  |
Kindly Clear that You are Provider of Service or Receiver
If You are Receiver and You are liable to pay GST under RCM
Than you are elegiable to take ITC
Dear Mr Neeraj Joshi
In case you are a service provider you can claim the ITC of inputs if you are paying tax at the rate of 12%. No ITC can be claimed on input if you are charging Gst at the rate if 5%.
Further, in case you are a service recipient you can pay GST on RCM at the rate of 5% and claim the ITC for the same in the following month.
In case you are a service provider you can claim the ITC of inputs if you are paying tax at the rate of 12%. No ITC can be claimed on input if you are charging Gst at the rate if 5%.
Further, in case you are a service recipient you can pay GST on RCM at the rate of 5% and claim the ITC for the same in the following month.
thank you guyz
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