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RCM on GTA

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Salamat ansari

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.

Replies (7)

Quick Summary

This discussion clarifies who is responsible for paying Goods and Services Tax (GST) under the Reverse Charge Mechanism (RCM) when a private limited transport company (GTA) provides services to a Partnership or LLP. The consensus is that the recipient of the service (the Partnership/LLP) must pay the GST on an RCM basis if they are registered under GST. They can then claim this paid GST as Input Tax Credit (ITC) in the same or the following month.

SOWJANYA M

840 Points Posted on 04 January 2020

RCM to be paid and claimed by the receipient

srikumar

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

Sowjanya sir, ITC can be claim same month or next month, but itc will be available

SOWJANYA M

840 Points Posted on 05 January 2020

@ srikumar
we have the option to claim same month y to wait for one month

RAJA P M

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

128157 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.