WHAT IS RATE OF GST ON RCM FOR GTA
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Rcm on transportation
Replies (6)
IT IS 2.5% cgst + 2.5% sgst. The GTA is classified under chapter heading 9967.
In case GTA is charging GST , what would be the position
If you are registered under GST also GTA is registered then GST is 5%. You ll Pay as RCM.
Then you can get it as ITC...
GTA is charging 12%but Company is liable 5% on RCM basis . Company has no outward supply under GST being in liquor business. 1.can company refuse to payGST to GTA and pay on RCM. 2.Even if co.Pays to GTA it is also liable to pay on RCM. PL reply
GTA is a RD hence it is charging 12% gst on its bill.
Now as your company is out of GST ambit you can pay the full amount to GTA and claim the same as expenditure.
Now as your company is out of GST ambit you can pay the full amount to GTA and claim the same as expenditure.
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