what is rate of RCM on Transport Service, presently, I am calculating Tax @ 5% and taking ITC on tax paid.
is it right practice or I should pay @ 12 %
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RCM Rate for Transport Service From GTA
Replies (4)
pay 5% ....donot avail ITC
but on Tax paid on Reverse Charge , is available for ITC.
but on Tax paid on Reverse Charge , is available for ITC
no not available.....
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