30 October 2017
Hello to all of u...
One of my client has charged gst rate @ 5% ss IGST on his bill .He has business of Transport Agency.How to file the GST Return of GTA.Will RCM will applicable on this.If yes , than who will claim the RCM .
Please clarify.
Thanks
31 October 2017
5% on GTA is for RCM, if GTA is billing in forward charge you have to charge @12% not at 5%, even if you charge 5% the RCM liability still persist. So the receiver has to still pay RCM @5% and take input in the next month.
CAclubindia
