watch_later 22/12/17

Hi,

we are in mfg business of wire nails, we received raw material from transport where no GTS charged in Billty (Bill).

Here we pay 5% GST on GTA take ITC same on next month. is it correct.

I mean 5% (2.5+2.5) is it correct n.

Thanks

1 Response | Latest response: 25/12/17 | Sort by Likes(thumb_up) Recent | GST Reply
watch_later 25/12/17

Yes, you have to charge and pay 5% GST on RCM basis. You can take credit in next month.

JOIN LARGEST DISCUSSION PLATFORM

Sign up to discuss taxation, accounting and finance topics with experts from all over India.

Join Discussion