Rverse charge mechanism applicable to proprietary business?
This query is : Resolved
18 September 2015
Respected sir,
I want clarification for RCM as ex. given as follows.
I am owner of proprietary business, I am manufactrer of exciseable goods, while I raise Bill of excise on customer with freight. such it expenses bare by me from GTA service provider.
in this case RCM applicable to me ?
if GTA service provide with service tax then it's credit available as cenvat credit to me?
And in reverse situation in case of purchase such freight/transportation charge by supplier which paid by me then it's cenvat credit available ?
plse. provide relevant supported section or rule or notifications in case of change rules.
19 September 2015
You read the notification no. 30/2012-ST if you are registered with excise then you need to pay service tax on GTA and after payment of service tax you can take the cenvat credit of that input services.
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