Dear CA Club team,
In one of the Freight forwarder bill the Invoice contains 2.5% CGST & 2.5% SGST -GST Payable by the recipient- but we are paying 9% CGST & 9% SGST as RCM and availing the input credit is it correct.
please revert with your valuable suggestions
regards,
Bhavya.P
| Originally posted by : Bhavya | ||
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Dear CA Club team, In one of the Freight forwarder bill the Invoice contains 2.5% CGST & 2.5% SGST -GST Payable by the recipient- but we are paying 9% CGST & 9% SGST as RCM and availing the input credit is it correct. please revert with your valuable suggestions regards, Bhavya.P |
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I can't understand Your query...
Dear Sir,
In Invoice they have charged 5% (2.5%+2.5% CGST &SGST) with a note saying GST payable by the recipient. But we have Paid (9%+9% CGST &SGST) as RCM to avail the Input credit on GTA.
Hope its clear now sir
| Originally posted by : Bhavya | ||
|
Dear Sir, In Invoice they have charged 5% (2.5%+2.5% CGST &SGST) with a note saying GST payable by the recipient. But we have Paid (9%+9% CGST &SGST) as RCM to avail the Input credit on GTA. Hope its clear now sir |
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You can just pay @ 5% & take ITC as the same. No need to pay 18%.
But, Just clarify tthe same..
Is party Charged tax or not...?
CAclubindia
