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RCM on freight 5% or 12% ???

RCM 895 views 3 replies

Raman Singla

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 ????

Replies (3)

pradeep goyal

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.

Akshay Jain

Tax Consultant

1024 Points Posted on 04 September 2019

Pradeepji Goyal is correct. On freight there will be only 5%

Uttam

employee

814 Points Posted on 05 September 2019

under RCM 5%. Less cash flow as well.

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