Reverse charge
This query is : Resolved
Arunachala
(Querist)
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.
CA. Ankit Chandrakar
(Expert)
29 June 2015
RCM will be applicable to you if you are a company, or a firm or a factory or an excise assessee.
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CA. Ankit Chandrakar
(Expert)
29 June 2015
The rate now has changed to 30% w.e.f. 01.04.15
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1 times
Arunachala
(Querist)
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????
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