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
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)
CAclubindia
