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(Guest)

RCM on Inter state Freight Charges

We are Ireland based major/Direct providers of Fresh Cut BG, SBLC, POF, MTN, Bonds and CDs and this financial instruments are specifically for lease and sale.We are one of the leading Financial instrument providers with offices all over Europe.
we always deliver on time and precision as Set forth in the agreement. You are at liberty to engage our leased facilities into trade programs, project financing, Credit line enhancement, Corporate Loans (Business Start-up Loans or Business Expansion Loans), Equipment Procurement Loans (Industrial Equipment, Air crafts, Ships, etc.) as well as other financial instruments issued from AAA Rated bank such as HSBC Bank Hong Kong, HSBC Bank London, Deutsche Bank AG Frankfurt, Barclays Bank , Standard Chartered Bank and others on lease at the lowest available rates depending on the face value of the instrument needed, Our Terms and Conditions are reasonable.
DESCRIPTION OF INSTRUMENTS:
1. Instrument: Bank Guarantee (BG)/SBLC (Appendix A)
2. Total Face Value: 10M MIN to 50B MAX USD or Euro
3. Issuing Bank: HSBC, Deutsche Bank Frankfurt, UBS or any Top 25 .
4. Age: One Year, One Day
5. Leasing Price: 4+ 2%
6. Sale Price: 32+2%
7. Delivery by SWIFT .
8. Payment: MT103-23
9. Hard Copy: Bonded Courier within 7 banking days.
If you have need for Corporate loans, International project funding, etc. or if you have a client that requires funding for his project or business, We are also affiliated with lenders who specialize on funding against financial instruments, such as BG, SBLC, POF or MTN, we fund 100% of the face value of the financial instrument.
Inquiries from agents/ brokers/ intermediaries are also welcomed; do get back to us if you are interested in any of our services and for quality service.
Name : Finn Walsh
E-mail : everydayfinancedesignated @ gmail.com
Skype id : everydayfinancedesignated @ gmail.com



 14 Replies

Pankaj Rawat

Pankaj Rawat (GST Practitioner)     20 April 2020

If the transport is Registered in GST:
IGST is applicable.
If Transporter is Not Registered in GST :
CGST/SGST is applicable .

(Refer Section 12(8) of IGST Act)
1 Like
Nrusingh Beura

Nrusingh Beura   20 April 2020

Sir as per section 12(8) igst act ,"The place of supply of services by way of transportation of goods,including by mail or courier to,-(a) a registered person, shall be the location of such person".
Rohan

Rohan (Student)     20 April 2020

The place of supply of service will be as following.

When the recipient of service is a registered person

The place of service will be the location of recipient of service

When the recipient of service is not a registered person

The place of service will be the location at which such goods are handed over for their transportation.
Pankaj Rawat

Pankaj Rawat (GST Practitioner)     20 April 2020

Sorry for above reply ,.... the POS is the location of Receptient if he is Registered else the POS will be location from where the Goods are handed over for transportation.

Hence CGST/SGST is applicable
RAJA P M

RAJA P M ("Do the Right Thing...!!!")     20 April 2020

Yes... I agreed to Mr Pankaj Rawat Ji reply...

As per the query and As per the above said section the place supply is recipient of service. Hence GST chargeable as CGST and SGST...
Nrusingh Beura

Nrusingh Beura   20 April 2020

Sir,Although supplier mention igst in invoice (also mention gst payable under Rcm) we are creat liablity as cgst @ 2.5%&sgst @ 2.5%
RAJA P M

RAJA P M ("Do the Right Thing...!!!")     20 April 2020

Supplier can't charge (or note) GST in his bills if he is not registered under GST...
Nrusingh Beura

Nrusingh Beura   20 April 2020

Sir, Transporter & Receipant both are registered person in two different state.
RAJA P M

RAJA P M ("Do the Right Thing...!!!")     20 April 2020

Then IGST is applicable if transporter registered under GST...
Nrusingh Beura

Nrusingh Beura   20 April 2020

1.Is there any impact if we paid under Rcm or forward charges.
2. Or in the above transaction Pos is inter state, igst applicable and we also have to pay igst as RCM.
RAJA P M

RAJA P M ("Do the Right Thing...!!!")     20 April 2020

If transporter can't charge GST in his bills and also they are noted as "GST PAYABLE UNDER RCM" then it's not a Forward Charge. In this case recipient will be pay tax under rcm basis...

Yes... IGST will be pay if the above said transporter is registered in Gujarat and supply made to Telangana...
Nrusingh Beura

Nrusingh Beura   20 April 2020

Thank you sir.

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