Rcm under gta

Save Share

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 August 2017 IF REGISTERED DEALER TAKE TRANSPORT SERVICE(UNREGISTERED) FROM INTER-STATE(OUT SITE STATE).HE PAY 200000 .How much tax will be made under RCM and it will get a ITC.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

30 August 2017 5% GST payable under reverse charge and ITC can be claimed if transporter is GTA. If transporter is non GTA no GST payable under reverse charge. Such services are exempt.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

30 August 2017 DEAR SIR
PLEASE SUGGEST ME AMOUNT OF TAX????

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

30 August 2017 10000 payable.....................

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

30 August 2017 10000 payable.....................

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!