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Reverse charge mechanism

RCM 285 views 5 replies
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.??
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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