GTA UNDER RCM

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Student
349 Points Posted on 24 March 2021
if a registered GTA follows RCM , KINDLY HELP ON TRANSACTION..

A indian registered propertiorship firm send goods to party in nepal .
and freight is paid by party of nepal
, then who will pay tax (GST) on frieght under RCM method.AND THE GOODS NATURE IS TAXABLE
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On 24 March 2021 at 08:48 Report
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This discussion addresses a query regarding Goods Transport Agency (GTA) services under the Reverse Charge Mechanism (RCM) in India. Specifically, it explores who is liable to pay GST on freight when a proprietorship firm in India sends taxable goods to Nepal, and the Nepalese party pays the freight. The advice given suggests that executing a LUT (Letter of Undertaking) can avoid tax payments on such transactions. It also touches upon how to accurately report these transactions in GST returns, including the GST 3B.

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Consultant
135 Points Posted on 24 March 2021

Hi Sachin,

Execute a LUT, without payment of Tax, No one needs to pay tax on this transaction.

 

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On 24 March 2021 at 11:17
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Student
349 Points Posted on 24 March 2021
How to show in gst return of GTA, will amount of freight included in gst3b
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On 24 March 2021 at 12:32

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