Freight Bill
This query is : Resolved
27 November 2019
Our Transporter Charging 2.5 CGST & 2.5 SGST can he do so if yes than i am still liable to pay RCM on such bill or not. What about ITC of of both can i claim credit or not.
27 November 2019
RCM is payable on freight only if the GST is not charged in the transporter bill. If transporter is charging GST in their bill, there is no need pay GST under RCM as service receiver
27 November 2019
as per notification no. 13 RCM is payable on GTS and as per notification no. 22 Who is paid central tax at rate of 6% RCM is not payable but If 2.5 CGST is charged by GTA than RCM is not payable as u said Plz provide section or other supporting.
27 November 2019
Transporter qualifies as GTA then he is not allowed to charge GST unless he opts for forward charge @12%. RCM is leviable on registered recipient @ 5% on freight value with ITC credit after making payment in cash.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Royalty payments to the Mining Department for procurement of murum - GST input
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- TDS- 2026-27 Q1 Correction
- GSTR9 Annual Return
- Ito add credit side of bank
- Employee secondment
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
