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Itc eligibility on rcm paid on gta services

CA SUNNY AGGARWAL (Tax Consultant)     04 October 2017

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


Dhirajlal Rambhia (KVO Merau Kutchh)     04 October 2017

Dhirajlal Rambhia
KVO Merau Kutchh 
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1. Yes

2. No

3. Before filling relevant return..

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