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RCM on GTA

RCM 393 views 7 replies
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accountant
1 Points Posted on 04 January 2020
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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On 04 January 2020 at 17:43 Report
Replies (7)
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840 Points Posted on 04 January 2020
RCM to be paid and claimed by the receipient
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On 04 January 2020 at 18:09
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audit staff
1203 Points Posted on 04 January 2020
Rcm payable by recipent of service, so u case firm will pay 5 percent gst and also take itc on next month
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On 04 January 2020 at 18:33
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840 Points Posted on 04 January 2020
ITC can be claimed in the same month itself @ srikumar
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On 04 January 2020 at 19:14
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10 Points Posted on 04 January 2020
If both are registered in GST then recipient have to pay and claim input tax (if tax rate 18%).
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On 04 January 2020 at 23:33
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audit staff
1203 Points Posted on 05 January 2020
Sowjanya sir, ITC can be claim same month or next month, but itc will be available
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On 05 January 2020 at 09:01
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840 Points Posted on 05 January 2020
@ srikumar
we have the option to claim same month y to wait for one month
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On 05 January 2020 at 11:52
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"Do the Right Thing...!!!"
128152 Points Posted on 06 January 2020
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...

Reply
On 06 January 2020 at 12:36


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