Dear friends,
My query: I have a Transport Bills like Rs.2280.00 on 02/07/2017 & Rs.8530.00 on 03/07/2017 both the bills belongs to a same party. My party is URD for GST.
In this scenario, I have to pay by RCM method. What is the tax rate? It is applicable for the both bills (2280 & 8530) or only 8530?.
I have a ITC , can I adjust the ITC for above RCM?
pay gst on RCM basis on both amount
& take credit in next month
I THINK WE CAN TAKE CREDIT IN THE SAME MONTH
5000 limit is for section 9(4)
but GTA is under section 9(3)
where can i read the section details, kindly guide me.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
