Doing contract business i want to know transport and loading charges to be paid in RCM 5% or 18% i have paid both 5% and claimed in the same month it is correct or want to pay 18%
Menu
RCM to be paid for Loading & Transport Charges - GST Rate ??
Replies (4)
Quick Summary
You have to pay RCM @ 18% and take ITC in next month
Why you hv to pay??
In the company I work, we pay 5% on transport by GTA and claim total input on eligible transactions. You'd only have to pay RCM for loading if it is billed in the consignment note issued by the GTA.
Where the GTA has given the Bill for Transportation & loadings charges it is cover under composit supply (Section 8) & the principal supply is GTA services. Hence 5% is applicable.
Recent Topics :
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
Related Topics :
CAclubindia
