RCM on GTA

RCM 451 views 20 replies
User Avatar

12 Points Joined September 2017
Can anyone tell me the concept of RCM on GTA and the exemption of 750/- & 5000/- too in GTA
0 Reply Share Follow
On 08 October 2017 at 18:44 Report
Replies (20)
User Avatar

"Do the Right Thing...!!!"
128116 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...

1 Reply
On 08 October 2017 at 18:57
User Avatar

Chartered Accountant
86500 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.
Reply
On 08 October 2017 at 19:39
User Avatar

12 Points Joined September 2017
Thank you Raja sir and Rashmi ma'am for your valuable replies!
Reply
On 08 October 2017 at 19:58
User Avatar

"Do the Right Thing...!!!"
128116 Points Joined January 2015
GTA covered 9(4)....Am I right...?
Reply
On 08 October 2017 at 20:00
User Avatar

"Do the Right Thing...!!!"
128116 Points Joined January 2015
How is differed the reply from me and you...?
Reply
On 08 October 2017 at 20:02
User Avatar

Chartered Accountant
86500 Points Joined April 2011
Yes you are correct.....
Reply
On 08 October 2017 at 22:16
User Avatar

Accounts executive
554 Points Joined March 2011
SORRY EXPARTS BUT GTA COVERED UNDER SECTION 9 (3)..
Reply
On 08 October 2017 at 22:26
User Avatar

Accounts executive
554 Points Joined March 2011
limit was 5000 only for 9(4)
Reply
On 08 October 2017 at 22:27
User Avatar

"Do the Right Thing...!!!"
128116 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....
Reply
On 08 October 2017 at 22:30
User Avatar

Accounts executive
554 Points Joined March 2011
No worry ..Bare Bare Saharo me choti choti bate ho jate Hai.....
Reply
On 08 October 2017 at 22:33
User Avatar

"Do the Right Thing...!!!"
128116 Points Joined January 2015
Sorry bro...
I'm not understanding....
bcoz, I don't know Hindi 😊😊😊
Reply
On 08 October 2017 at 22:38
User Avatar

Accounts executive
554 Points Joined March 2011
I was movie diolog...
Reply
On 08 October 2017 at 22:43
User Avatar

Accounts executive
554 Points Joined March 2011
it was movie diolog
.Rashmi Mam Know very well
.
Reply
On 08 October 2017 at 23:01
User Avatar

Chartered Accountant
86500 Points Joined April 2011
Its a movie dialogue Raja that Small things happened in a big cities always....
Reply
On 09 October 2017 at 07:46


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading