RCM ON FRIGHT

Aditi Kaur (Practising CA)    25 August 2020

CCI Online Learning offers a library of courses for CA/CS/CMA Aspirants from the best faculties in India. Our top notch courses aim to make your journey from a student to a professional, a successful one. To promise a successful career as a professional CCI Online Learning also offers programs like Financial Modeling, MS Excel, IFRS/IND AS Certification Courses that will help you take your career to the next level. Check out the free demo videos here https://www.caclubindia.com/coaching/

Sagar Patel (Tax and Business Consultant)     25 August 2020

If Freight Paid to GTA who is not charging GST 12% on bill, Than RCM is applicable in that case @ 5%

If GST already charged by GTA on freight @ 12% or service received from other than GTA than No RCM liability.

Raj Chaurasia   25 August 2020

Rcm is applicable in case transportation services received by GTA through Road. So if consignment note has been issued by transporter & ur transporter in not paying gst under forward charge then u need to pay under rcm @ 5percent of freight paid. u can take credit of same in gstr 3b

Taha (T)     26 August 2020

Depends upon gta if gta avails 12% scheme then itc available +Fcm if if avails 5%scheme then rcm and u will get itc no compliance on gta regarding same