reverse charge
Rekha Sharma (95 Points)
05 January 2018
what reverse charge ezcemption limit on freight charge
3 Replies
CA Naveen Chand
(Chartered Accountant)
(12739 Points)
Replied 05 January 2018
suspended till 31-03-2018
Madhukar N Hiregange
(Chartered Accountant)
(39039 Points)
Replied 05 January 2018
Under sec 9 (3) RCM on freight is liable to GST by the specified receiver ( if regd in GST payable by receiver of service)
This concept is to be understood well as there is an exemption for transportation by road OTHER THAN BY GOODS TRANSPORT AGENT OR COURIER. If services from the truck operator or owner may not be liable at all.
Some commodities exempted and upto Rs. 750/ per consignment exemption is also available.
Important is for the GST regd person ITC credit can be availed after paying the GST on RCM basis.
GSTmitra
(owner)
(59 Points)
Replied 05 January 2018
Agreed
GST is payable on freight u/s 9(3) irrestpective of amount.
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