Reverse Charge on Transport

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..... Reverse Charge on Transport
Query (Issue) Started By: - Rohit Bhura Dated:- 4-7-2017 Last Reply Date:- 16-7-2017 Goods and Services Tax - GST
Got 6 Replies
GST
In case of Transport the Gst is payable by Consignee under reverse Charge. Would the Consignee deduct the GST amount while making the payment or it will paidby his own pocket. Eg. If a Transport has issued me a Consignment N .....

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..... ote for a freight of 50,000 then should i pay him 50,000 and pay 2500 GST on my own or should i pay him 47500 and deposit remaining 2500 to government. Reply By KASTURI SETHI: The Reply: 100% liability is upon Service Receiver. Service Receiver will pay GST on full amount of freight. You cannot treat amount of freight cum-tax. You can pay and take ITC, if otherwise admissible. Reply By Rohit Bh .....

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..... ura: The Reply: Will the service receiver get ITC for the GST paid by him under RCM for the services of GTA Reply By KASTURI SETHI: The Reply: No. It is clearly mentioned in the list of services under RCM that " No ITC". I rectify my mistake. I have mentioned everywhere against so many replies that ITC is not available. I am thankful to you for pointing out my error. Error should no .....

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..... t have happened. Reply By Rohit Bhura: The Reply: Yes sir, i saw that in schedule. But to Various twitter question to @askGst_goi the reply is ITC can be claimed. https://twitter.com/rohitbhura/status/884114598479241218 Reply By KASTURI SETHI: The Reply: FAQs on twitter or anywhere have no statutory value. I have found discrepancies in various sites. First any service should fall in the list e .....

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..... ligible ITC and thereafter we are to see whether it is in course or furtherance of business.If we cannot cross first stage (barrier), how can we talk of second stage i.e. in course or furtherance of business. Reply By Ramesh Kothari: The Reply: Depend upon your terms of quote whether cost include or exclude tax on that basis who will bear it Ramesh Kothari
Discussion Forum - Knowledge Shari .....

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..... ng .....

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