RCM on Freight
This query is : Resolved
22 September 2017
If i paid 6000/- to a unregistered transport agency in a day for receiving the goods which i purchased from a registered dealer, then how much tax calculated on it
Plz ans
CA R SEETHARAMAN
(Expert)
22 September 2017
If transporter is a GTA who issued consignment note 5% GST payable.
Message likes :
1 times
22 September 2017
Yes. I agreed to Mr. CA R SEETHARAMAN Sir.,
It's GTA then 5% GST payable under RCM (CN/LR)....
Other than GTA / Local small (single Vehicle owner) its exempted...
It's GTA then 5% GST payable under RCM (CN/LR)....
Other than GTA / Local small (single Vehicle owner) its exempted...
23 September 2017
Thank you for your answer sirs, can i get notifications regarding RCM on freight or House Rents
CA R SEETHARAMAN
(Expert)
23 September 2017
Input can be taken in next month.
https://www.cbec.gov.in/resources//htdocs-cbec/gst/goods_transport_service.pdf;jsessionid=9B41284DCCDB884828C1632AD30B02D3
https://www.cbec.gov.in/resources//htdocs-cbec/gst/goods_transport_service.pdf;jsessionid=9B41284DCCDB884828C1632AD30B02D3
23 September 2017
Yes....
But, You ll be leave it previous months then only you can claim it next month....
23 September 2017
If i paid 4000/- per month towards shop rent , then how much tax will calculated on it
23 September 2017
As your value it's not taxable if no more other URD inwards less than 1000 + Rent 4000...
It's gone above 5k then rcm ll applicable...
It's gone above 5k then rcm ll applicable...
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