Rcm on freight
Querist : Anonymous
I have following queries regarding RCM on freight.
1. Suppose freight is Rs. 3500/- then RCM would be applicable or not as it is below Rs. 5000/-
2. Suppose freight paid to individual owner of single truck is Rs. 5500/-. Whether RCM would be applicable or not as single truck individual owner is not fall in the category of GTA.
Please clarify.
On GTA RCM mandatory
VK
Querist : Anonymous
Querist : Anonymous
VK
Firstly GTA means a transporter who issues consignment note or bilty or lorry receipt on which gst on RCM is 5%. Any freight charges without consignment note is delivery charges and if the same is paid to unregistered dealer then you have to pay RCM @18% this can be part of your 5000 exemption limit.
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