freight paid to transporter in the mo oct.17, rcm applicable ???
This query is : Open
MOHAMMED ASGAR Bhati
(Querist)
10 October 2017
Freight paid to unregistered person on dtd 09 October,17, Rs 30000/-. Is Rcm applicable or not ??? if transporter not issue buity and consignment note then what will happen ????
anshul aggarwal
(Expert)
10 October 2017
RCM is still applicable u/S 9(3) so rcm applicable.on transporter invoices will continue.
CA Rashmi Gandhi
(Expert)
11 October 2017
If transporter not issue builty & consignment note then no need to pay tax under RCM on it as same is exempted.
anshul aggarwal
(Expert)
11 October 2017
Rashmi,
Don't you think if we are accounting the amount of 30000 then we are liable to pay under RCM irrespective of consignment note etc. or is it specified that RCm is payable only on note?
I would prefer that RCM is paid and taken credit to avoid complication later
Udaya Chandran
(Expert)
11 October 2017
I agree with Ms.Rashmi. RCM is not applicable unless the transport services is received from GTA. Services received from transporters other than GTA is exempted.
anshul aggarwal
(Expert)
11 October 2017
so you mean to say that transporter and GTA are different??
CA Rashmi Gandhi
(Expert)
12 October 2017
Yes both are different.
GTA issues consignment note & transporter dont issue.
RCM applicable on GTA only
anshul aggarwal
(Expert)
12 October 2017
I am little confused on this one. will you help to elaborate.
for instance if I say that I have paid Rs. 10000 to mr. X who is URD as freight charges and say he is not issuing any note so RCM will not be applicable.
although may be the same goods came through some GTA who has issued me a consignment note instead.
Just stating wrong reason we can avoid RCM.
I am saying this because this was not scenario in service tax. we had to pay ST irrespective of note/GR.
anshul aggarwal
(Expert)
12 October 2017
We even uses to pay ST even on unloading expenses from UR labour.
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- Issuing of delivery challan by seller of goods
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- 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
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- 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?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
