RCM on GST

no, since the RCM concept is postponed till 31st March 18 for the supplies received from unregistered suppliers.

even if the RCM concept is in effect after the above said date, you not required to pay GST on RCM if the value of supplies is less than 5000/-per Day.

RCM applicable Service received from A GTA (Registered or Unregistered)...

RCM applicable for Section 9(3) related activities if the Supplier is registered or unregistered...

As of now RCM on GTA bills reqd to be paid only by regd assessees. No amount limit

Yes... If Service Receiver not registered then no need to pay GST Tax under RCM basis... But, Reciver is registered then he will be pay Tax under RCM basis for GTA services if GTA is registered or unregistered... Also the exemption is allowed less than Rs 750 and Rs. 1500*...

Originally posted by : kishan agarwal
	if a registered individual recieves transport service from unregistered Gta and the freight amount is less than 5000/- per day.whether gst is payable on rcm?

 

The exemption is available based on charge for total consignment, a consignee or nature of goods. It is not based on per day limit.

You are liable if you are registered.

please refer notification no 18/2017 dated 28/06/2017.

as per the above notification ,for the supplies received from unregistered persons,there no need of GST irrespective of whether he is GTA or not.

Originally posted by : praveen
	please refer notification no 18/2017 dated 28/06/2017.as per the above notification ,for the supplies received from unregistered persons,there no need of GST irrespective of whether he is GTA or not.

 

Its 8/2017, right? Then it is about supplies covered u/s 9(4). However, GTA RCM is covered u/s 9(3).

thanks manish now got clarity..

You are welcome Praveen.

Sir, I am a recovery agent of a bank. I still come under RCM. I believe RCM of this service is not postponed until March. I was asked by the bank to obtain & provide them GSTN. The bank is paying my GST. Please let me know what compliances should I follow and returns should I file? And what about GST payments made by the bank. How to show in my returns? Please can someone help.