Hello experts
one VRL logistics charging GST @ 5%. Also shows in GSTR2A. But reverse charge is applicable. Can we claim ITC as per GSTR2A. what about RCM applicable.
pls explain this one.
Thanks
Menu
TRANSPORT RCM
Replies (3)
Is he Charge and Collect or Only charge...?
Dear Nageswaran
As per Notification 13/2017 , if VRL Logistics is GTA then you are required to Do RCM , you cannot claim ITC on same .
Yes as per Notification 22/2017 CT (R) , If VRL has charged 12% GST , then you can claim ITC for the same .
Note : Check the bill raised by VRL , he would have not charged GST & collected GST from you .
As per Notification 13/2017 , if VRL Logistics is GTA then you are required to Do RCM , you cannot claim ITC on same .
Yes as per Notification 22/2017 CT (R) , If VRL has charged 12% GST , then you can claim ITC for the same .
Note : Check the bill raised by VRL , he would have not charged GST & collected GST from you .
Thanks pankaj sir and Raja sir
Recent Topics :
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
- Omitted E-Commerce Sales Reported in Table 14 but
- Omitted sales shown in GSTR-1 Table 14 but not in
- EWAY BILL TAKE OUT OF OTHER COMPAMY
- Penalty & late fee for late ITR filing
- Business discontinued as Government took possessio
Related Topics :
CAclubindia
