Dear friends, please advise.
Gst registered GTA has issued consignment note of rs 1100 as transportation charges without charging any gst. It mentions " GST on RCM basis payable by consignor i e me.
1) As amount is less than rs 1500, is any gst payable by me ?
1)How should i treat this transaction in my gst return ? ( in both scenarios of gst payable by me and not payable by me)
I expect detailed information.
Thanks in advance.
1. NO.. EXEMPTION UPTO 5000P.D. IS GIVEN IN RCM
2. IF GST IN RCM IS PAID THEN
- YOU HAVE TO RAISE A SELF INVOICE TO YOURSELF AGAINST ALL TOTAL RCM PAYABLE
- PAY THE LAIBILITY
-CLAIM ITC IN SAME MONTH'S RETURN
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