GTA REVERSE CHARGE minimum AMOUNT

RCM 3976 views 9 replies
suppose I paid 120 rs. transportation charges how can I show in cash book need i pay gta reverse charge.
Replies (9)
No need to pay RCM on transportation charges if freight amount is less than 750/1500 as the case may be.
(a) Where the gross amount charged for the transportation of goods on a consignment transported in a single goods carriage is upto Rs 1,500/-or
(b) Where the gross amount charged for transportation of all such goods for a single consignee in the goods carriage is upto Rs. 750/-
thank you sir, if single goods transportation is below 1500/-is there no need to apply RMC and if transportation is 1500/- then I need to apply RMC.
Absolutely Right
there is no threshold limit. u hv to pay gst under rcm irrespective of amount. the conditions explained by sunil kumar sir was in service tax
what about 750/- and at the time service tax time we calculate 750/- on service tax
Dear Tushar ji,
Above mention Exemption of 750/1500 is also available under GST (HSN code 9967 @ 0%.)
yes sunil kumar sir. checked. it is there. thanks a lot

Dear Expert,

I have a question on the confusion of this limit of Rs 1500/750 in GST for GTAs. Below is the link, All kindly read and provide you valuable comments there also

Regards,

Siva

Dear Sir,

suppose I paid 120 rs. transportation charges how can I show in cash book need i pay gta reverse charge. 

Thanks & Regards,

Ashok

 


CCI Pro

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