Treatment of Frieght Inward Bill in GST return?

No more treatment in GSTR 1...
You ll show the value in your GSTR 3B on required column...

And take ITC in GSTR 3B as per required column on next month...

In case GSTR 2 is available in future You can show the details in GSTR 2...

we receive some transportation bill from unregisterd transportor. so we also liable to pay RCM??

The transporter is GTA then RCM applicable. He is Other than GTA then RCM not applicable...

Originally posted by : RAJA P M
	No more treatment in GSTR 1... You ll show the value in your GSTR 3B on required column...And take ITC in GSTR 3B as per required column on next month... In case GSTR 2 is available in future You can show the details in GSTR 2...

But sir i heard if we pay 5% we cant take credit of it

If we pay 12% can take credit of the paid tax

Please let me know if i am wrong

@ Chandra... That is for transporter... Two options given in case of forward charge either pay 5% taxes and no itc or pay tax @ 12% and take itc... And not for receiver of GTA service... So rcm @ 5% applicable and take itc in ur gstr3b and prapare invoice for that in GSTR2 and payment voucher against that payment made to GTA

Originally posted by : Divakar
	@ Chandra... That is for transporter... Two options given in case of forward charge either pay 5% taxes and no itc or pay tax @ 12% and take itc... And not for receiver of GTA service... So rcm @ 5% applicable and take itc in ur gstr3b and prapare invoice for that in GSTR2 and payment voucher against that payment made to GTA

Thanks divakar sir for leting me known