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Transportor Input

ITC / Input 639 views 6 replies
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38 Points Posted on 22 October 2019
VRL Logistics A transport company
Can we take the input of Invoice shown by VRL In 2A Please confirm.
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On 22 October 2019 at 16:45 Report
Replies (6)
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Professional
918 Points Posted on 22 October 2019
Depends on which option you've opted. If you're paying 12% tax on forward charge basis then you can take ITC as appearing in 2A (subject to fulfillment of conditions) or else you're not allowed to take ITC if you have opted for 5% option..
7 Reply
On 22 October 2019 at 18:26
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38 Points Posted on 22 October 2019
Thank youand second
reverse charge payable or not?
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On 22 October 2019 at 22:08
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Professional
918 Points Posted on 22 October 2019
Reverse charge tax is not payable by transporter.. It's payable by customer
7 Reply
On 22 October 2019 at 23:32
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38 Points Posted on 23 October 2019
We are customer of VRL Logistics
in 2A Input Showing by VRL.
So can we liable for Reverse Charge.
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On 23 October 2019 at 09:20
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Professional
918 Points Posted on 23 October 2019
Okay,

Yes you're liable to pay 5% GST (CGST 2.5 +SGST 2.5 or IGST 5 as the case may be..) through e-cash ledger... you can't use credit ledger to pay RCM tax
7 Reply
On 23 October 2019 at 09:47
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38 Points Posted on 26 October 2019
Sir,
The Input Of VRL Logistics
Showing In 2A.
So Why We deposit Reverse Charge
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On 26 October 2019 at 10:16


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