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RCM on freight of exempted goods

Pradeep Kheria (15 Points)

07 September 2017

is rcm applicable on frieght on exempted goods

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19 Replies

piyush gupta (student) (121 Points)
Replied 07 September 2017

rcm is applicable on gta services.
so in this case YES.

himanshu (Student CA Final ) (40 Points)
Replied 07 September 2017

not applicable

Pradeep Kheria (15 Points)
Replied 07 September 2017

if yes than how could I get itc because i am not applying gst on extempted goods

RAJA P M ("Do the Right Thing...!!!") (127140 Points)
Replied 07 September 2017

Yes. It's applicable under RCM. The goods is exempted but not transport is exempted (GTA)....

RAJA P M ("Do the Right Thing...!!!") (127140 Points)
Replied 07 September 2017

@ Pradeep.,
You are not under GST then why you pay Tax under RCM basis...
registered persons only pay the tax under RCM basis...
URD is don't want pay any Tax....

Pradeep Kheria (15 Points)
Replied 07 September 2017

I am a regular gst dealer and I deal in both exempted items and taxable items

RAJA P M ("Do the Right Thing...!!!") (127140 Points)
Replied 07 September 2017

You are registered dealer. But, You can't apply the exempted goods for the business... In this situation you can't deal the exempted goods in your business....

Mr. Singh (497 Points)
Replied 07 September 2017

You have to pay tax under RCM. You are registered dealer so all rules and regulations are applicable.

Pankaj Sarkar (140 Points)
Replied 08 September 2017

RCM is applicable but I think you can avail the ITC and it can be adjusted with your taxable supply

C R RADHAKRISHNAN (ACCOUNTANT) (210 Points)
Replied 08 September 2017

IN GSTR 3B JULY-2017 MISSING INPUT TAX CAN NOW ADJUSTED IN GSTR 2

Bhav Bhuti Sharma (Towards Professionalism ) (823 Points)
Replied 08 September 2017

Yes. It's applicable. The goods is exempted but not transport. So GST payable at 5% on GTA service will be payable by the service receiver under RCM and the input credit will also be taken only by the service receiver irrespective of the nature of the goods..