I have pay Transport GST 12 % in RCM .
then I take ITC RCM 12 % .
kindly explain transport GST @
Yes... You can take it as ITC...
But,
What is nature of the transporter...?
Is the transporter is GTA...???
8 Replies
Dayananda Kakade
(Deputy Manager -Finance)
(328 Points)
Replied 29 May 2018
If it is GTA than you need to pay 5% not 12% on RCM basis.
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 29 May 2018
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%...
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 29 May 2018
Yes... You can take ITC for RCM paid amount...
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 29 May 2018
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
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