5% Gst paid on freight under reverse charge mechanism is eligible for input credit or not?

5% Gst paid on freight under reverse charge mechanism is eligible for input credit or not?

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4 Answer(s)

Yes it’s eligible for ITC.

Answered on September 9, 2017.
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Only by paying 18 % one can avail ITC.

Answered on September 9, 2017.
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The conditions for non availability of ITC is applicable where GTA himself is liable to pay tax. However, where the recipient is liable to pay tax under RCM, then he can avail it’s input tax credit.

Answered on September 9, 2017.
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Yes

Answered on September 9, 2017.
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Your Answer

Gen GST