GST credit on GTA services paid under RCM
Query (Issue) Started By: – Ashwin Garg Dated:- 15-8-2018 Last Reply Date:- 28-8-2018 Goods and Services Tax – GST
Got 8 Replies
GST
Dear Experts,
GST on GTA services is payable in cash under RCM on or before 20th of next month.
Whether such GST credit is allowed on payment basis (i.e next month) or credit can be taken in same month (i.e accrual basis).
May kindly reply with relevant section, rules, circular, clarification etc
Reply By KASTURI SETHI:
The Reply:
Credit can be taken only after making payment of GST in cash in the same month. It means ITC is to be taken during the month in which tax paid in cash.
Reply By SHIVKUMAR SHARMA:
The Reply:
Please refer Issue Id: – 11337
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