Reverse charge mechanisam for exempted goods....
This query is : Resolved
VA CHANDRASEKARAN
(Querist)
03 October 2017
m....
Dear Sir,
My client is dealing in Exempted Item, ie., RICE;
1..Whether he is liable to RCM for the inward Freight Payment?
2..If he is liable and pays RCM by cash, how can he retrive the paid amount, since his sales are exempted, not liable to pay any Tax on his sales?
Pl clarify and oblige.
REGARDS....
auditchandroo@gmail.com
Dear Sir,
My client is dealing in Exempted Item, ie., RICE;
1..Whether he is liable to RCM for the inward Freight Payment?
2..If he is liable and pays RCM by cash, how can he retrive the paid amount, since his sales are exempted, not liable to pay any Tax on his sales?
Pl clarify and oblige.
REGARDS....
auditchandroo@gmail.com
CA R SEETHARAMAN
(Expert)
03 October 2017
1 Transport of rice is exempt from GST hence reverse charge not applicable.
CA Rashmi Gandhi
(Expert)
03 October 2017
Transport of rice by GTA is covered in exempted list. So, same is not taxable.
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
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Ito add credit side of bank
- GSTR9 Annual Return
- Rectification under processing even after 6 months cpc portal
- Closer of business and itc of capital goods
- Rent agreement of House of deceased person
- Reward for festival
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- 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
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
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
