RCM on GTA

RCM 540 views 20 replies
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12 Points Joined September 2017
Can anyone tell me the concept of RCM on GTA and the exemption of 750/- & 5000/- too in GTA
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On 08 October 2017 at 18:44 Report
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"Do the Right Thing...!!!"
128147 Points Joined January 2015

Less than Rs. 750 is fully exempted. No need RCM...

From Rs. 751 to Rs. 1500 is Exempt for Single Consignment....

From Rs. 1501 to above RCM applicable...

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On 08 October 2017 at 18:57
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Chartered Accountant
86505 Points Joined April 2011
I want to add further in above reply that

Limit of Rs.5000/- applicable in case of RCM u/s9(3) not RCM u/s 9(4).

GTA is covered under Sec 9(4), so no exemption of Rs.5000/- in a day allowed for same.

You have to pay GST @ 5% on it compulsorily if amount is above Rs.750 or Rs.1500 as the case may be.
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On 08 October 2017 at 19:39
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12 Points Joined September 2017
Thank you Raja sir and Rashmi ma'am for your valuable replies!
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On 08 October 2017 at 19:58
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
GTA covered 9(4)....Am I right...?
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On 08 October 2017 at 20:00
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
How is differed the reply from me and you...?
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On 08 October 2017 at 20:02
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Chartered Accountant
86505 Points Joined April 2011
Yes you are correct.....
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On 08 October 2017 at 22:16
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Accounts executive
554 Points Joined March 2011
SORRY EXPARTS BUT GTA COVERED UNDER SECTION 9 (3)..
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On 08 October 2017 at 22:26
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Accounts executive
554 Points Joined March 2011
limit was 5000 only for 9(4)
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On 08 October 2017 at 22:27
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
Yes....
I know the section. Ca Rashmi Gandhi Mam posted just typical error.
I note this but she is not find that....
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On 08 October 2017 at 22:30
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Accounts executive
554 Points Joined March 2011
No worry ..Bare Bare Saharo me choti choti bate ho jate Hai.....
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On 08 October 2017 at 22:33
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
Sorry bro...
I'm not understanding....
bcoz, I don't know Hindi 😊😊😊
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On 08 October 2017 at 22:38
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Accounts executive
554 Points Joined March 2011
I was movie diolog...
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On 08 October 2017 at 22:43
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Accounts executive
554 Points Joined March 2011
it was movie diolog
.Rashmi Mam Know very well
.
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On 08 October 2017 at 23:01
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Chartered Accountant
86505 Points Joined April 2011
Its a movie dialogue Raja that Small things happened in a big cities always....
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On 09 October 2017 at 07:46

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