Regarding RCM on transport service from an individual to a company

This discussion clarifies whether Reverse Charge Mechanism (RCM) applies when a company receives transport services from an unregistered individual for Rs. 5,000. While RCM is generally applicable to transportation services, an exception exists if the transporter is a Goods Transport Agency (GTA). However, to be considered a GTA under GST, the issuance of a consignment note (like an LR copy) is essential. If the service provider issues consignment notes to others, RCM will likely apply to your company, making you liable for tax payment and eligible for Input Tax Credit (ITC).