plz tell me the concept of transport on reverse charge exemption rs750 or RS
1500
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rcm concept on 750/1500
Replies (3)
in single Bility for 750/- consignment from single supplier exempted
In single biilty for 1500/- consigment from more then one supplier is exempted
In single biilty for 1500/- consigment from more then one supplier is exempted
If the value of Single consignment is below 1500, means Value of single consigment in a single transport does not exceed rs. 1500/-
Like u are sending goods worth rs. 20000/- in 1 go by single transport and the value of freight does not exceed rs. 1500/-
but some times Consignor send goods in multiple batches in a different vehicles(GTA trucks more than 1)
Like u are sending goods worth rs. 20000/- in 2 installment, but the total value of freight doesnt exceed rs. 750/- i.e for 1 round u gave 300 for next round u gave 400, total is 700.
I hope now it is clear !!!
I have given a query related to this in the followng link. Please provide your valuable comment
https://www.caclubindia.com/forum/gst-gta-rcm-750-1500-confusion-501853.asp
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