1. RCM on GTA applicable on which type of transaction :
GTA for goods sold or GTA for goods purchase??
2. One of the GTA company issued rupees 8000 bilty without charging any GST on it. Doesn't fit RCM provision is applicable??
3. Does GTA transaction have any limit for per day for its recipient??
4. Who have to do RCM provision on GTA?? Is it based on recipient turnover??
5. Nowadays ST bus and railway service also provide transportation of goods facility. Does come under GTA
Menu
RCM in GTA under GST
Replies (3)
RCM is applicable on that party which is liable to pay freight to GTA.
Bus and railway don't come under GTA.
Railway is outright out of definition of GTA. Buses don't give consignment note therefore they are also outside the definition of GTA.
Bus and railway don't come under GTA.
Railway is outright out of definition of GTA. Buses don't give consignment note therefore they are also outside the definition of GTA.
You may refer the link to know more about GTA:
https://cleartax.in/s/goods-transport-agency-under-gst
Rcm is applicable on both purchase and sale transaction
on 8000 bill-t rcm may be applicable
gta transaction has limit of 750 per vehicle. if the freight is more than 750 then only rcm applies.
the person paying the freight charges is required to pay tax on rcm. its simply based on the freight amount. apply 5% on freight paid amount.
bus and railways dont come under gta and hence no rcm
on 8000 bill-t rcm may be applicable
gta transaction has limit of 750 per vehicle. if the freight is more than 750 then only rcm applies.
the person paying the freight charges is required to pay tax on rcm. its simply based on the freight amount. apply 5% on freight paid amount.
bus and railways dont come under gta and hence no rcm
Recent Topic
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
Related Topics
CAclubindia
