Rcm is applicable on transportation invoice from april-18
This query is : Resolved
06 September 2018
RCM was applicable on transportation invoice but the same was hold till march-18 and again it was made applicable or not please confirm as i got invoice from transporter for Rs 75800/- dated 15.05.2018 should i have to pay rcm on the same. please confirm.
06 September 2018
If you have taken the services of GTA then you have to pay RCM.
06 September 2018
RCM was applicable and on hold till 30 Sep 2018 for supply from unregistered supplier .
Transport services from GTA falls under RCM
In terms of Notification no. 12/2017-Central Tax (Rate) dated 28.06.2017 (Sr.no.18), the following services are exempt from GST - Services by way of transportation of goods (Heading 9965)- (a) by road EXCEPT the services of—(i) a goods transportation agency;
Notification no. 13/2017-Central Tax (Rate) dated 28.06.2017 (Sl.No.1) as amended by Notification no. 22/2017-Central Tax (Rate) dated 22.08.2017-where services of GTA are availed by you , GTA supplier has the option to pay tax (and avail ITC) @12% (6% CGST + 6% SGST); and if the GTA does not avail this option, the liability to pay GST will fall on the recipients (You)
Transport services from GTA falls under RCM
In terms of Notification no. 12/2017-Central Tax (Rate) dated 28.06.2017 (Sr.no.18), the following services are exempt from GST - Services by way of transportation of goods (Heading 9965)- (a) by road EXCEPT the services of—(i) a goods transportation agency;
Notification no. 13/2017-Central Tax (Rate) dated 28.06.2017 (Sl.No.1) as amended by Notification no. 22/2017-Central Tax (Rate) dated 22.08.2017-where services of GTA are availed by you , GTA supplier has the option to pay tax (and avail ITC) @12% (6% CGST + 6% SGST); and if the GTA does not avail this option, the liability to pay GST will fall on the recipients (You)
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
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- ITR 2 Short Term gain & Long term gain
- ITR returnFY25-26
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 1: Details for showing Exempt Income
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
