Rcm on gta
This query is : Resolved
11 July 2018
Dear Sir,
a transporter issue monthly bill for transport service given to us.
amount of bill is 7450.00
but in this bill amount of some gr/builty is 450, 780, 1050 etc,
my question is should we pay gst under rcm on 7450.00 whole bill amount or we should pay on gr/builty exceeding 750.00
kindly clear my doubt.
a transporter issue monthly bill for transport service given to us.
amount of bill is 7450.00
but in this bill amount of some gr/builty is 450, 780, 1050 etc,
my question is should we pay gst under rcm on 7450.00 whole bill amount or we should pay on gr/builty exceeding 750.00
kindly clear my doubt.
11 July 2018
The total charges in Single bill then You consider the Total Value of Bill and Pay RCM...
But,
You can receive single consignment/ LR with single bill then You can consider the Exemption Limit...
*** Better to receive separate bills per Consignment.
11 July 2018
transporter issue single builty for every consignment and at the end of every month he issue invoice with detail of all the consignments issued during the month.
11 July 2018
If Transporter providing separate builty then You can consider the Transactions based on the Builty
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
- CLOSING STOCK QUERY
- Exiting partner in partnership firm in gst portal
- IT returns for fresh job holders
- F&O reporting in ITR
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Loss of interest in PF transfer from EPFO to Trust
- Short Term Gain Reporting ITR
- Gst on travel by air for business purposes
- Taxability of credit in canara bank ET & T section (NRO)
- ITR-3 File/Error Found
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
