I paid rcm on GTA transport
in gst 3b table 1 inward supply (liable to rcm) under cgst 2000 ,sgst 2000
I take input credit on ITC table
but my query is actually we paid it out of pocket no ITC take
we show in table 1 of gst3b it payable
from ITC take credit
liabilities are nil but it's go out of pocket
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RCM input credit
Replies (2)
Your ITC is showing under credit ledger, you can adjust the same in next month returns against the output liability.
As per Notification No 5/2017-Central Tax, - GST payable at 5% on GTA service will be payable by the service receiver under RCM and the input credit will also be taken by the service receiver..
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