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Itc eligibility on rcm paid on gta services


CA SUNNY AGGARWAL (Tax Consultant)     04 October 2017

CA SUNNY AGGARWAL
Tax Consultant 
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Hii X, a registered proprietor, engaged in business of exempted and taxable goods. He purchases exempted goods worht 5 Lakh and pays 1 lakh for transportation to gta. Q1. Whether RCM is to be paid @ 5% by X? Q2. Whether ITC of this RCM can be availed and this can be used for other taxable supplies? Q3. when this rcm is to be paid to govt.? please suggest. thanks

avater

Dhirajlal Rambhia (KVO Merau Kutchh)     04 October 2017

Dhirajlal Rambhia
KVO Merau Kutchh 
 9201 likes  93210 points

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1. Yes

2. No

3. Before filling relevant return..


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