Menu
Demurrage charges under RCM
GTA has raised an invoice towards demurrage or delay in collection charges to his customer, whether RCM applicable in this case or not? If So, what is the rate of GST under RCM?
Replies (3)
if GTA raised separate invoice for demurrage charges then what is the applicability of GST under RCM and what would be rate of GST?
RCM would be applicable at the rate of 5% in case the transporter does not want to avail ITC
Also it shoud be noticed that if the transporter wants to avail ITC - 12% in this case there would be forward charge i.e transporter is liable to pay GST.
Also it shoud be noticed that if the transporter wants to avail ITC - 12% in this case there would be forward charge i.e transporter is liable to pay GST.
sir I want to know that, If GTA raised separate invoice for demurrage charges then GST applicable on demurrage charges under RCM or not?
Recent Topics :
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
Related Topics :
CAclubindia
