dear sir
gta se related service me rcm applicable hoti h kya
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RCM applicable
Replies (21)
Which kind of services are that related to GTA .can I know ?
But GTA service is applicable under RCM u/s 9 (3) of CGST Act ,
But GTA service is applicable under RCM u/s 9 (3) of CGST Act ,
sir transoprtaion of goods
sir transoprtaion of goods
sir transoprtaion of goods
sir transoprtaion of goods
sir transoprtaion of goods
Two type of process is there ,
a example for seller,
you are selling the Goods to the customer Goods rs 1000 gst @ 18% on goods and gst @ 5% but in the case Gst is applicable on Freight @ 18% only its called as composite supply
a example for seller,
you are selling the Goods to the customer Goods rs 1000 gst @ 18% on goods and gst @ 5% but in the case Gst is applicable on Freight @ 18% only its called as composite supply
i means rcm applicable in service provide by GTA to a company @ 5%? and what service receipent can claim itc on this service or not?
Two type of process is there ,
a example for seller,
you are selling the Goods to the customer Goods rs 1000 gst @ 18% on goods and gst @ 5% on Freight but in the case Gst @ 18% is applicable on Freight its called as composite supply.
for purchasers,
if you purchase the goods from the vendor that goods is exempt under gst regime ,seller will tell you to pay freight amt under RCM .in the case you need to freight amt under RCM and u can take ITC .
one more example,
a example for seller,
you are selling the Goods to the customer Goods rs 1000 gst @ 18% on goods and gst @ 5% on Freight but in the case Gst @ 18% is applicable on Freight its called as composite supply.
for purchasers,
if you purchase the goods from the vendor that goods is exempt under gst regime ,seller will tell you to pay freight amt under RCM .in the case you need to freight amt under RCM and u can take ITC .
one more example,
okkk...thanks
okkk...thanks
| Originally posted by : RAHUL JAIN | ||
 |
i means rcm applicable in service provide by GTA to a company @ 5%? and what service receipent can claim itc on this service or not? |  |
if the service provider is charged GST rate on Freight amt then the receipt needs to pay GST amt to the service provider as per invoice then you can claim ITC.
If the Service provider is not charged GST rate on Freight amt then the receiver has to pay GST amt under RCM .then you can claim ITC.
okk...thanks
okk...thanks
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