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RCM tax on GTA ITC
RCM tax on GTA Payment can we claim as itc at same month
Replies (7)
Yes you can ...
yes you can.
Can be availed..
Yes, you can claim in the same month itself. There is no provision under GST, unlike in Service Tax, restricting the assessee to claim ITC of tax paid under RCM in the next month
Hi All,
I heard that RCM on GTA has been cancelled at present. Is it true?
Thanks
No...
If the supplier charges GST @ 12% with ITC, then RCM is not applicable. In rest of the cases, RCM is attracted.
Ok, thank you
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