Sir. what is the per day limit for transportation exp (freight) for rcm pay is it 1500 per day? further, RCM should be paid from gst credit or direct pay by cash-bank??
@ Chintan No RCM is applicable on payment of freight 100/- to GTA.
In tern of Notification 12/2017 CT
ITS Exempted where consideration charged
for the transportation of goods on a
consignment transported in a single
carriage does not exceed one thousand
five hundred rupees;
A company receives goods from a GTA in a truck. Some other goods not belonging to the company are also loaded in the truck. The company pays freight of Rs. 800/- to GTA and freight of other goods is Rs. 900/-; then the total freight for the truck is Rs. 1700 (exceed 1500). Freight paid by company is Rs. 800 (>750). So, exemption is not available and the company should pay GST on Rs. 800/-.