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RCM on freight 5% or 12% ???

RCM 909 views 3 replies
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Legal Services
172 Points Posted on 04 September 2019
What is rate of RCM LIABILTY FOR A REGULAR TAXPAYER SUPPLYING FULLY TAXABLE GOODS AND SERVICES...

IS IT 5% OR 12% WITH FULL ITC AVAILABLE TO TAXPAYER ????
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On 04 September 2019 at 19:57 Report
Replies (3)
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Senior Partner
7561 Points Posted on 04 September 2019
under RCM, there is only one rate 5%. 12% is for transporter if chose forward charge. If Transporter charge 12%, recipient no need to pay in RCM & take full ITC of 12% paid to Transporter. if Transporter don't charge than recipient pay 5% in RCM & take full ITC.
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On 04 September 2019 at 20:17
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Tax Consultant
1024 Points Posted on 04 September 2019
Pradeepji Goyal is correct. On freight there will be only 5%
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On 04 September 2019 at 20:38
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employee
814 Points Posted on 05 September 2019
under RCM 5%. Less cash flow as well.
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On 05 September 2019 at 07:58


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