Dear sir,
If pvt ltd, a transport company (GTA) provide service to partnership /LLP, then who pay gst on rcm basis..
Kindly advice under gst regime.
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RCM on GTA
Replies (7)
Quick Summary
RCM to be paid and claimed by the receipient
Rcm payable by recipent of service, so u case firm will pay 5 percent gst and also take itc on next month
ITC can be claimed in the same month itself @ srikumar
If both are registered in GST then recipient have to pay and claim input tax (if tax rate 18%).
Sowjanya sir, ITC can be claim same month or next month, but itc will be available
@ srikumar
we have the option to claim same month y to wait for one month
we have the option to claim same month y to wait for one month
| Originally posted by : Salamat ansari | ||
 |
Dear sir, If pvt ltd, a transport company (GTA) provide service to partnership /LLP, then who pay gst on rcm basis..Kindly advice under gst regime. |  |
RCM payable by the Partnership/LLP if they Registered under GST...
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