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RCM Against GTA

RCM 298 views 3 replies
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ACCOUNTS
23 Points Posted on 28 July 2019
dear all expert actually my question is that how to RCM Claim against GTA and please tell me about process I am so confused some expert told me about RCM Against GTA 5 % and some told me 18% but please clear my question
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On 28 July 2019 at 20:01 Report
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TAX CONSULTANT
1109 Points Posted on 28 July 2019

IT IS SIMPLE WHEN U HAVE A  FREIGHT CHARGES U HAVE TO PAY RCM AT 5% AND WHEN U PURCHASE A MATERIAL LIKE STEEL + FREIGHT CHARGES WHICH IS TAXABLE AT 18% DUE TO COMPOSITE SUPPLY

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On 28 July 2019 at 20:09
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Senior Partner
7561 Points Posted on 28 July 2019
transport of goods by road by GTA- 2 options for GTA- either charge 12% on invoice and person who pay freight will make payment to GTA and take input credit. or don't charge tax on invoice, person who pay freight will pay 5% under reverse charge and take input credit. only these 2 provisions for GTA
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On 28 July 2019 at 21:31
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GST Practitioner
55067 Points Posted on 28 July 2019
It's 5% RCM on inward supply from GTA.

Report RCM payable in table 3.1,row (d) & RCM receivable (Input) in table 4, Row (A)(3)
301 Reply
On 28 July 2019 at 22:22


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