Rcm on gst
This query is : Resolved
15 August 2017
Qstn
1) A sales goods to B via GTA C, A pay freight to C nd provide free transport to B for sale of goods. Who is liable to pay gst on rcm?
2) A sales goods to B via GTA C, B pay freight directly to C . Who is liable to pay gst on rcm?
3) A sales goods to B via GTA C, A pay freight to C and A show freight charges separately on invoice (on which gst is already charged) . Who is liable to pay gst on rcm?
1) A sales goods to B via GTA C, A pay freight to C nd provide free transport to B for sale of goods. Who is liable to pay gst on rcm?
2) A sales goods to B via GTA C, B pay freight directly to C . Who is liable to pay gst on rcm?
3) A sales goods to B via GTA C, A pay freight to C and A show freight charges separately on invoice (on which gst is already charged) . Who is liable to pay gst on rcm?
15 August 2017
1 A is liable to pay GST under RCM.
2 B is liable to pay GST under RCM.
3 A is liable to pay GST under RCM.
2 B is liable to pay GST under RCM.
3 A is liable to pay GST under RCM.
Message likes :
1 times
15 August 2017
But sir in 3rd case there will be twice gst on transport as A is just showin actucal freight charges paid on invoice separately.
15 August 2017
The freight in 3rd case is part of sale price and therefore GST is to be charged as per the main supply of goods. No RCM payable by B.
Message likes :
1 times
15 August 2017
But what if A charge 18% on freight, collect 18% gst from B and A pays only 5% gst on freight to govt ?
15 August 2017
A will pay 5% under RCM and claim ITC on it besides paying 18% GST collected from B to Govt.
Message likes :
1 times
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Nomination of Bank for refund in itr 2
- Rent lease agreement
- TDS Challan Code
- Refund of 20%pre-deposit paid for stay application
- Relief u/s Section 89
- REGARDING SECTION 44AE
- Entries in AIS regarding sale of units and shares
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- 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
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
