I have pay Transport GST 12 % in RCM .
then I take ITC RCM 12 % .
kindly explain transport GST @
Menu
Transportation RCM GST @
Replies (8)
Yes... You can take it as ITC...
But,
What is nature of the transporter...?
Is the transporter is GTA...???
But,
What is nature of the transporter...?
Is the transporter is GTA...???
If it is GTA than you need to pay 5% not 12% on RCM basis.
Yes GTA
If GTA then RCM applicable. But, the rate is just 5%. No need to pay 12%....
As per Your query You ll take the RCM related payments as ITC...
In future don't pay 12%. Just pay 5%...
As per Your query You ll take the RCM related payments as ITC...
In future don't pay 12%. Just pay 5%...
I pay GST 5% on GTA , then I take ITC.
Yes... You can take ITC for RCM paid amount...
Even though you have paid 12% on RCM Instead of 5% , not matters (as it is not less then 5%)
the amount you deposit on RCM can be claim as Input
the amount you deposit on RCM can be claim as Input
Yes agree with everybody.......
Recent Topic
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
- Professional advance taxes
- Surrender pan process
- Tds on deceased's pan
- Exempt income declaration schedule EI in ITR2 (AY2
- Mold cost invoice in GST return
Related Topics
CAclubindia
