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
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RCM in GTA under GST
Replies (3)
Quick Summary
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
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