Question ID :
29613
Reverse charge conditions
If freight is being paid under reverse charge, which conditions should be fulfilled to claim input credit
Posted by
Mahesh Kumar
on
May 01, 2018
Filed Under
GST
Pay through cash and claim it through credit ledger.Raise a payment voucher.
Posted by
VINAY BHARGAV KUMAR G on
May 02, 2018
Answer ID :
65593
agreed the view given by Vinay
Posted by
CA. SATISH CHAND GARG on
May 02, 2018
Answer ID :
65617
READ SEC. 16 TO 18 OF GST ACT -2017
Posted by
CA. RACHIT JAIN on
May 08, 2018
Answer ID :
68701
Broadly, freight should be for business use, should not be used for exempted supplies.
For more details, Refer - Sec. 16(2) Sec. 17.
Posted by
Jatin Harjai on
May 28, 2018
Answer ID :
68759
Basic condition - Should be used for taxable supplies
Posted by
CA MNS Karthik Reddy on
Jun 08, 2018
Answer ID :
76815
YOU SHOULD PREPARE A PAYMENT VOUCHER SHOWING THE FREIGHT CHARGES PAID AND THE SGST/CGST OR IGST PAYABLE ON RCM BASIS, DISCLOSE THE LIABILITY IN GSTR3B AND PAY THE TAX. NEXT RETURN, YOU TAKE INPUT TAX CREDIT.
Posted by
CA. VENKITARAMAN K V on
Jun 09, 2019