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rcm gta
I had taken service of unregistered transporter , so do I need to pay gst on rcm basis??
Replies (5)
No
Transport of goods by road [ other than GTA ] is not under reverse charges
Further , transport service other than GTA is exempt from tax therefore it will not taxed under reverse charge as well.
Yes... I agreed to Mr Anita Bhadra.,
RCM not applicable for "Transport of Goods By Road - Other than GTA "
RCM not applicable for "Transport of Goods By Road - Other than GTA "
ok than sir will the transport charges paid by me will be allowed in Income Tax as an expense or not
Yes... Why not...?!
You can account it under expense head as Transport Charges or Freight Charges...
You can account it under expense head as Transport Charges or Freight Charges...
But GTA as per Notification 5/2017 CT IS not liable take Registration , so if Transporter is not registered but issue you a bilty then covers under GTA services & RCM compulsory in this case
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