my buisiness is trading based and i pay transportation charge in cash for every goods received. am i liable to pay GST under RCM.
if yes, then what will be its rate.??
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Reverse charge mechanism
Replies (5)
Yes ... if the transporter is GTA issuing bilty (GR) the Recepient is liable to do RCM & deposit same @ 5% GST
Thanks sir, can i take ITC of that.???
yes, u can take credit
yes you can claim itc of rcm paid
okk sir, thanks
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