The service of the company is supplying food for various companies canteen. The company is incurring transport charges. can the company claim gst on transport by paying tax under RCM.
kindly clarify
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RCM ON TRANSPORT FOR OUTDOOR CATERING BUSINESS
Replies (4)
Quick Summary
If you are paying the output GST @ 5% then ITC will not be allowed.
In case of any further queries, kindly mail me at casoravgupta @ gmail.com
Thanks & Regards
CA. Sorav Gupta
(Practicing Chartered Accountant)
ITC will be available if you have not opt for composition.
Here we look at the RCM, or reverse charge mechanism, and how it applies to transport services for mobile kitchens in India. The author describes RCM and how it may be used by catering businesses, and gives some examples. This paper may be of greater interest and relevance to individuals in the catering sector in India, but it is still a valuable read for anybody curious about the RCM system.
No.... RCM is applicable on transportation services provided by GTA (Ref: Notification 13/2017 CT rate)
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