firm is composition taxable person.. goods are transported from different places outside the state... do i need to pay rcm against the charges paid to the transporter?
In auto drafted details, the transporter details along with integrated tax is shown.
do i need to pay rcm being a composition taxable person.. if yes what percentage? kindly help me
Menu
Rcm for composition taxable person
Replies (6)
yes u have to pay rcm
yes rcm applicable for service received from GTA transport.
GST rate @ 15%
GST rate @ 15%
5 % or as applicable
Gst rate @ 5%.
If it's a GTA then 5% GST on RCM basis applicable
If it's a GTA then 5% GST on RCM basis applicable subject to conditions that GTA is not paying tax @ 12% with ITC
If GTA charge you GST @ 12% than RCM is not applicable
If GTA charge you GST @ 12% than RCM is not applicable
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
