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
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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
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