RCM ON FREIGHT

[Deepak Garg]

SIR,

I AM PURCHASING POULTRY FEED AND PAID FREIGHT. WHEATHER I AM LIABLE TO PAY GST UNDER RCM @ 5% ON PAYMENT OF FREIGHT. THE COMMODITY IS TAX FREE.

[Ganeshan Kalyani]

GST is payable on the freight amount paid by you.

[Deepak Garg]

SIR, CAN WE CLAIM TAX PAID ON FREIGHT AS ITC

[CASusheel Gupta]

ITC of freight is allowed

Regards

CA Susheel Gupta

8510081001, 9811004443

[Ganeshan Kalyani]

Yes , you can take credit of the tax paid in the same month .

[Ganeshan Kalyani]

Subject to the condition that final product is taxable. As you said you are dealing in poultry feed which is exempt in GST input tax credit of the GST paid on GTA is not eligible.

[Ganeshan Kalyani]

Poultry feed falls under HSN 2309.

[Padmanathan KV]

YOU ARE LIABLE TO PAY GST ON RCM ONLY IF FREIGHT IS PAID TO GTA. IF THE TRANSPORTER IS NOT A GTA, THERE IS NO LIABILITY TO PAY GST ON RCM