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Regarding reverse charge paid on transport freight
i am a supplier of hardware goods for which i need to purchase goods which i purchase from different state on which igst is charged and also freight of the goods is being paid by me ..my query is that whether it is mandatory to pay tax in reverse charge on the freight paid by me of more than a total of 750 rupees in a month... please guide me in this regard
Replies (4)
if transport charges per consignment is less than 750 then it's exempt
If Transportation charges per consignment is more than Rs 750 then we have to pay the GST under reverse charge. by the way there are two limits according to situation (Rs 750 and 1500) but for the sake of simplicity, we generally consider the limit of Rs 750. So in short you have to pay GST on transportation charges if exceeds Rs 750 per consignment.
If Transporter is of same state then you have to pay 2.5% CGST and 2.5% SGST but if transporter is of another state then you have to pay 5% IGST.
In term of notification 13/2017 CT (R) , it's mandatory to pay under RCM ..... but in case if GTA is has charge 12% GST on FCM then no need to do RCM , infact ITC can be claim on same (As per Notification 20/2017 CT (r))
If GTA is unregistered and supply services from say Delhi to Punjab to a registered dealer.registered dealer in Punjab who is receiving service of unregistered GTA,will pay RCM as igst or RCM as cgst/sgst?
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