banner_ad

Multimodal Transport

This query is : Resolved 
Profile Image

Profile Image

(Querist)
30 December 2025 In the FY 2021-22 our transport business was under RCM, we issued our sale invoice towards transport service to the customer RCM-YES in our GSTR1,inturn, the customer paid the RCM for the transport services received.

We declared, the above referred transaction sale in our monthly GSTR1 under B2B category taxable sale with RCM-YES.

While reversing the common Input Tax credit on Exempted supply, whether, we need to include the RCM sale value along with exempted sales to reverse the common Input Tax credit.

Please advice.

Ramesh.M
Profile Image

Aashok Kumar Sharma

Profile Image

Aashok Kumar Sharma (Expert)
02 January 2026 RCM transport services are taxable supplies

RCM ≠ Exempt supply

RCM turnover should NOT be included for Rule 42 ITC reversal

No common ITC reversal required on RCM sales

Your GSTR-1 reporting as B2B (RCM YES) is correct
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details