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
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Value of property in capital gain
- Copyright software
- Multiple trade mark
- Transporter Declaration form
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- LC charges in relation to Asset purchased should be Capitalised ?
- Regarding TDS Applicability For Director Remuneration
- Filing of MSME 1 form by companies
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
