Transport charges

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709 Points Posted on 04 March 2020
party charged gst on goods and freight in bill can we take input credit on freight...or asked to party give us debit note for freight
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On 04 March 2020 at 11:45 Report
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Quick Summary
This discussion clarifies whether GST input tax credit (ITC) can be claimed on transport and freight charges. Generally, if GST is charged on freight by the supplier and declared on their GST portal, the buyer can claim ITC on the entire invoice, including freight. Even if a debit note is issued for freight, ITC can still be claimed. Accountants can account for freight separately or include it with the goods' value.

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Consultant
1891 Points Posted on 04 March 2020

ITC can be taken on the whole invoice. 

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On 04 March 2020 at 11:48
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709 Points Posted on 04 March 2020
I newly joined company and accountant say we are not take itc on freight...I don't know how we can only take half itc
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On 04 March 2020 at 12:04
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132 Points Posted on 04 March 2020
If the purchaser give you itc on it then you have to take it but the purchaser is not mentioned it in gst portal then it's not useful to take itc on freight or transport charges
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On 04 March 2020 at 17:10
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709 Points Posted on 04 March 2020
He mentioned gst on freight in bill surely he mentioned in portal
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On 04 March 2020 at 17:27
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132 Points Posted on 04 March 2020
It's depend on you how to take it. take it as freight charges or added in total taxable amt
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On 04 March 2020 at 17:42
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"Do the Right Thing...!!!"
128162 Points Posted on 04 March 2020
@ Mr SUMIT BADYAL.,

If supplier charge GST in freight then You can claim ITC...
No more problem...

Suplier can be file Taxable value in GSTR 1 return as Material + Freight...
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On 04 March 2020 at 18:00
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132 Points Posted on 04 March 2020
Ok sir but in such cases supplier only mentioned taxable values included with freight charges


then what should we do?
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On 04 March 2020 at 18:07
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709 Points Posted on 04 March 2020
Kahn the @ Raja sir
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On 04 March 2020 at 18:08
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"Do the Right Thing...!!!"
128162 Points Posted on 04 March 2020
What should we do?

- No problem accounting in buyer's books...
Buyer can be account separately for the goods value and freight value. Also they can account both under goods value. Bcoz, it's including for the supply...
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On 04 March 2020 at 18:10
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GST Practitioner
55067 Points Posted on 04 March 2020
Dear Sumit
Can claim ITC on freight charged in Bill.

(Note on debit note for freight also can claim ITC )
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On 04 March 2020 at 23:49

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