Hi All,
My query is whether tax payable on GTA services under RCM is also suspended or we need to pay tax on the said sercice under RCM ??
Thanks in advance.
section 9(4) is suspended but 9(3) is active. So u need to discharge RCM liability on GTA.
RCM on notified supplies (eg: GTA services) is still applicable u/s 9(3) of the CGST Act whereas RCM which at present is suspended till 30.09.19 is u/s 9(4) of the CGST Act for unregistered purchases.
Thanks everyone...so is there any monetory limit of GTA invoice below which it is exempt??
for eg I am attaching a transport Invoice....is this service taxable or exempt?
Services provided by a goods transport agency, where consideration charged for the transportation of
is exempt from GST.
- N.No. 12/2017-Central Tax (Rate), dt. 28.06.17
- N.No. 9/2017-Integrated Tax (Rate), dt. 28.06.17
Thank you members for your precious time.
RCM under Sec. 9(3) will be applicable.
https://www.cbic.gov.in/resources//htdocs-cbec/gst/51_GST_Flyer_Chapter12.pdf
RCM applies on GTA only if, GTA have issued LR/Consignment Note/Bilty, whatever name called.
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