Reverse charge
This query is : Resolved
29 June 2015
Hi sir
We are doing wholesale business of tiles. We are purchasing tiles from gujarat through road transport and by rail.
In the transporter invoice we have to pay 25% of the service tax.
My question is whether we can come under RCM? We have to register for Service tax? Claim RCM input credit?
Or just pay the bill amount?
Please help me to clarify this problem.
We are doing wholesale business of tiles. We are purchasing tiles from gujarat through road transport and by rail.
In the transporter invoice we have to pay 25% of the service tax.
My question is whether we can come under RCM? We have to register for Service tax? Claim RCM input credit?
Or just pay the bill amount?
Please help me to clarify this problem.
29 June 2015
RCM will be applicable to you if you are a company, or a firm or a factory or an excise assessee.
Message likes :
1 times
29 June 2015
The rate now has changed to 30% w.e.f. 01.04.15
Message likes :
1 times
29 June 2015
Hi sir
We have not registered for service tax. If I registered for service tax whether we pay to pay from april or from the next month????
We have not registered for service tax. If I registered for service tax whether we pay to pay from april or from the next month????
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
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- GST rate and HSN code for sale of racing horses
- Eway bill generation from place other than registeted
- Management System (IMS)
- TDS Return Q1 FY 2026-27
- Condonation . E-Verification of last year return .
- DIN reactivation
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
