Gta rcm
This query is : Resolved
Puneet Jain
(Querist)
20 August 2017
will the limit of Rs. 5000/ day apply in case you pay freight expense and you have to pay gst under RCM?
CA Shubhanshu Jain
(Expert)
21 August 2017
See tax is to be paid under reverse charge in following cases :
- Under section 9(3), i.e in case of specified services like, GTA(freight), advocates, directors etc.
- Under section 9(4), i.e in case of receiving supplies from unregistered dealer
And limit of RS. 5000/- per day is when supplies are received from unregistered dealer i.e, in case of 9(4) and not in case of specified services under 9(3).
So accordingly limit of 5000 per day not apply in case of freight because same is specified under 9(3).
- Under section 9(3), i.e in case of specified services like, GTA(freight), advocates, directors etc.
- Under section 9(4), i.e in case of receiving supplies from unregistered dealer
And limit of RS. 5000/- per day is when supplies are received from unregistered dealer i.e, in case of 9(4) and not in case of specified services under 9(3).
So accordingly limit of 5000 per day not apply in case of freight because same is specified under 9(3).
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