Rcm transport

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PROP
62 Points Posted on 06 February 2020
freight bill raised by transporter with 5% gst charged
can we claim it as it
or still rcm to pay

transporter has mentiond as RCM liabity in us and charged gst what is it
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On 06 February 2020 at 18:52 Report
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Quick Summary
This discussion clarifies the Goods and Services Tax (GST) implications for transport services where the transporter has charged 5% GST and indicated 'RCM liability'. Participants confirm that this scenario does not fall under Reverse Charge Mechanism (RCM). Therefore, the GST charged by the transporter can be claimed as Input Tax Credit (ITC), and there's no need to pay GST under RCM.

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1011 Points Posted on 06 February 2020
No rcm. claim itc
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On 06 February 2020 at 20:40
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"Do the Right Thing...!!!"
128157 Points Posted on 06 February 2020
ITC not available...
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On 06 February 2020 at 22:16
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PROP
62 Points Posted on 06 February 2020
If itc not available what will be gst charged treatment
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On 06 February 2020 at 22:21
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"Do the Right Thing...!!!"
128157 Points Posted on 06 February 2020
It will be reversible as ineligible ITC or receive without charging GST in the transporter's bill...
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On 06 February 2020 at 22:23
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PROP
62 Points Posted on 06 February 2020
Still rcm to pay
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On 06 February 2020 at 22:26
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"Do the Right Thing...!!!"
128157 Points Posted on 06 February 2020
No need to pay GST Tax under rcm basis...
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On 06 February 2020 at 22:29

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