All,
since July,17 onwards many transporters ( Register/ unregister) provided services to me on such invoice I have not pay any single Rupee payment to Govt.
I am applicable under RCM ? and on which rate I have to pay & take credit against pay such of duty.
Interest also applicable or not?
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GTA can pay under RCM
Replies (5)
First of You ll give clear question...
Are You GTA...? or
Are you received GTA service...?
Service Receiver
Yes, RCM applicable on GTA service. You will have to pay GST @ 5% under RCM with interest @ 18% and you can claim ITC for the same.
Yes agree with CA Sunil sir
| Originally posted by : Naresh Kotkar | ||
 |
Service Receiver |  |
Pay Tax @ 5 % with Interest @ 18 % p.a.
Take ITC on the Next following month
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