Payment under rcm on carriage inward and outward
This query is : Resolved
MURARI PRASAD SAHU
(Querist)
03 August 2017
Under existing law GTA service on carriage inward and outward is paid by recipient under reverse charge and abatement @ 70% is available and take credit service tax paid on 30% on carriage inward and not on outward. What will the treatment under GST law for the above matter. Also suggest what % of tax is to be paid under RCM and will take any credit for the same or not.
CA R SEETHARAMAN
(Expert)
03 August 2017
5% GST payable under RCM no abatement. ITC can be claimed on such payment.
MURARI PRASAD SAHU
(Querist)
03 August 2017
Dear Sir,
Kindly inform me that we have to pay GST @ 5% under RCM on carriage inward and outward Value but whether it would be IGST or CGST and SGST. and what is the procedure for payment of GST.
Thanking you,
Kindly inform me that we have to pay GST @ 5% under RCM on carriage inward and outward Value but whether it would be IGST or CGST and SGST. and what is the procedure for payment of GST.
Thanking you,
CA R SEETHARAMAN
(Expert)
04 August 2017
Inter state pay igst.....................
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MURARI PRASAD SAHU
(Querist)
04 August 2017
Dear Sir,
I request you that please inform me that carriage is within state or outside is irrelevant. We have to pay IGST. ? Also suggest me the how to pay the GST i.e payment procedure.
Thanking you,
I request you that please inform me that carriage is within state or outside is irrelevant. We have to pay IGST. ? Also suggest me the how to pay the GST i.e payment procedure.
Thanking you,
CA R SEETHARAMAN
(Expert)
04 August 2017
Within the state cgst and sgst. Go GST portal create challan and make payment.
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MURARI PRASAD SAHU
(Querist)
05 August 2017
Dear Sir,
Thank you for clearing my concept for queries. Kindly Let me inform that Whether we have to pay 5% GST on RCM ,at payment time we have to pay 2.5% SGST & 2.5% CGST ? If yes, let me also inform me the due date of payment of this tax.
Thanking you,
Thank you for clearing my concept for queries. Kindly Let me inform that Whether we have to pay 5% GST on RCM ,at payment time we have to pay 2.5% SGST & 2.5% CGST ? If yes, let me also inform me the due date of payment of this tax.
Thanking you,
CA R SEETHARAMAN
(Expert)
05 August 2017
Pay 2.5% SGST & 2.5% CGST on or before return filing date.
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