Dear all,
If a company receives service from an individual ( unregistered) transport service and the charges is Rs. 5,000/-. Is it RCM applicable for this service?
Note: Service provider will not issue any documents like LR copy consignment note etc...
Please clarify
With advanced thanks
Pradeep Kumar
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Regarding RCM on transport service from an individual to a company
Replies (4)
Yes! transportation service attracts RCM.
No..... RCM is not applicable if transporter is GTA
Refer GTA defination provided in clause (ze) of notification 12/17 CT rate .
Note : Issuance of consignment Note is essential for supplier of services to be considered as GTA . but if he has not issued the LR to you does not mean that RCM not attracts . So check if he is issuing LR to others then youbare liable to do RCM
Refer GTA defination provided in clause (ze) of notification 12/17 CT rate .
Note : Issuance of consignment Note is essential for supplier of services to be considered as GTA . but if he has not issued the LR to you does not mean that RCM not attracts . So check if he is issuing LR to others then youbare liable to do RCM
* read as "RCM is not if Transporter is NOT is Not GTA'
First of all, consignment note is be issued by GTA to be considered as GTA under GST ACT .
You will have to pay tax under RCM. And can claim ITC
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