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Applicability of GST on RCM for Availing GTA service in which the goods purchase is exempted?
one of my client engaged in the whole sale business of supplies of taxable and exempted goods they availed the GTA services in f. y. 2020-21 in which the goods carried in carriage transport is exempted so my question is that whether RCM is paid on GTA services in which the goods carried is exempted and if not liable to gst then any Tax paid on RCM bonafiedly is required to be reversed or not please guide me properly
Replies (1)
There are certain items for which GST on services of GTA are exempt. Therefore if transportation has been done for those items then no need to pay RCM otherwise you will have to pay RCM. As far as ITC is concerned if the transportation is for exempt goods then no ITC otherwise ITC available. If the transportation is common for both taxable and exempt then proportionate ITC will be taken.
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