Menu
RCM ON FREIGHT OF EXMTED GOODS
Sir I am REGISTERED UNDER GST. I am a banana trader. When I buy bananas from a farmer, I have to pay for the transport of bananas from one place to another. Do I have to pay RCM on rent if. And I export Kelly
Replies (4)
Quick Summary
No ,rcm will be will exempt as you are banana trader are exempt as per gst
In term of Notification 9/2017 CT (r) Services provided by a goods transport
agency, by way of transport in a goods
carriage of -
S.no.2 (a) agricultural produce;
is Exempted .
So as in light of Above No. RCM is applicable.
agency, by way of transport in a goods
carriage of -
S.no.2 (a) agricultural produce;
is Exempted .
So as in light of Above No. RCM is applicable.
exemption of agricultural produce is for farmer and not for trader.
In my opinion RCM is applicable.
Dear Anil
As per Notification 5/2017 CT , persons who are only engaged in making
supplies of TAXABLE goods or services or both, the total tax on which is liable to
be paid on reverse charge basis by the recipient of such goods or services or
both under sub-section (3) of section 9 of the said Act as the category of persons
exempted from obtaining registration under the aforesaid Act.
in context to above notification when there is Taxable supply then only Recepient is liable to do RCM & in term of Notification 9/2017 CT (r) the transportation services by GTA in case of transportation of agriculture products is Exempted. So when the services is Exempted then the question of RCM applicability does not arises.
As per Notification 5/2017 CT , persons who are only engaged in making
supplies of TAXABLE goods or services or both, the total tax on which is liable to
be paid on reverse charge basis by the recipient of such goods or services or
both under sub-section (3) of section 9 of the said Act as the category of persons
exempted from obtaining registration under the aforesaid Act.
in context to above notification when there is Taxable supply then only Recepient is liable to do RCM & in term of Notification 9/2017 CT (r) the transportation services by GTA in case of transportation of agriculture products is Exempted. So when the services is Exempted then the question of RCM applicability does not arises.
Recent Topics :
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
Related Topics :
CAclubindia
