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RCM on Freight
1.I deal in both Exempted and Taxable goods mostly i have taxable Goods in this case If i am paying RCM on whole Freight without Bifreication of Exempt and Taxable and taking same as credit so is it correct or not and what if the freight paid is on exempted goods and doing RCM with claiming input.
Replies (3)
its correct u can claim the ITC for the same
What if the purchased goods is exempt.
It is correct both are 2 different supplies receiving transportation service is 1 and purchasing goods is another purchase of exempt goods is exempt its transportation is taxable except some like agricultural goods so u r right
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