GTA - RCM Charge

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MANAGER
367 Points Joined November 2019

We are  registered dealer in GST, this month (Apr,21) we have purchasing Machine from Interstate registered dealer  through Interstate Transporter who is Registered under GTA.  Transporter is not charging any GST in his INVOICE for Rs. 40000. Now our question is

  1. We will pay IGST under Reverse Charge Basis ? If yes then which  tax rate charged?
  2. Can We take full ITC against this RCM Payment’
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On 20 April 2021 at 17:43 Report
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Chartered Accountant
24588 Points Joined November 2019
Yes, GTA services are liable for RCM basis.
Rate will be 5% without ITC or 12% with ITC.
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On 20 April 2021 at 18:30
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GST Consultant
15986 Points Joined March 2013
ITC available
IGST Rcm @ 5%
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On 20 April 2021 at 19:12
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student
108 Points Joined January 2013
Pay 5% igst in cash and claim input for the same.
Mr.Sourav you talking about ITC available to GTA , query is asked for RCM.
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On 20 April 2021 at 23:38


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