GTA RCM not d
kiran (accounts manager) (262 Points)
02 August 2022
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 04 August 2022
kiran
(accounts manager)
(262 Points)
Replied 05 August 2022
CA Mayank A Jain
(Chartered Accountant in Practice)
(1005 Points)
Replied 05 August 2022
Pay GST at 5% based on the transportation expense and payment made to the GTA. Avail credit if it is related to a taxable supply.
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 06 August 2022
kiran
(accounts manager)
(262 Points)
Replied 09 August 2022
CA Altamush Zafar
(GST Consultant)
(15907 Points)
Replied 09 August 2022
After amendment you will need to confirm from your GTA whether he is in forward charge or functioning under Reverse charge. If it cannot be confirmed then pay GST on RCM and take ITC
kiran
(accounts manager)
(262 Points)
Replied 09 August 2022
In this case, Transporter is a very small firm who issues Consignment note for name sake who has not charged any tax or declared any RCM and did not upload it to the portal as RCM. But the recipient debited it as transportation without giving any tax effect.
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 10 August 2022
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