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Regarding rcm on gta

KISHOR CHANDRA NAYAK (MANAGER) (29 Points)

04 June 2020

I m receipant of goods I show my gstr 3b in may 2020
and paid 5 percent tax when I claim my ITC and show in gstr 3b

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7 Replies

Vaibhove GP (11 Points)
Replied 04 June 2020

Organic manure What is the GST Rate

1 Like

KISHOR CHANDRA NAYAK (MANAGER) (29 Points)
Replied 04 June 2020

Get on gta

KISHOR CHANDRA NAYAK (MANAGER) (29 Points)
Replied 04 June 2020

RCM on freight

yash (accountant) (519 Points)
Replied 04 June 2020

RCM on freight is to be paid @ 12%, and if transporter gives declaration about not availment of ITC the RCM @ 5%. and take the credit in the next month.

KISHOR CHANDRA NAYAK (MANAGER) (29 Points)
Replied 04 June 2020

I have shown 5 perecent

Shivam RC (Student) (23683 Points)
Replied 04 June 2020

The GST Rate on GTA Services under Reverse Charge Mechanism ( RCM ) is 5% vide Notification No. 13/2017 - CT (Rate), dated 28.06.2017.

yash (accountant) (519 Points)
Replied 04 June 2020

@ SHIVAM RC please refer Notification No -22/2017 Central Tax (Rate) dated 22-08-2017, govt. amend the notification and add inserted the word “, who has not paid central tax at the rate of 6%,” . and because of this we have to pay 12% gst