Reverse Charge Mechanism

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1 Points Posted on 11 February 2021
GTA is required to pay tax @ 6 or 5 % ?
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On 11 February 2021 at 08:19 Report
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This discussion clarifies the tax rate applicable to Goods Transport Agencies (GTAs) under the Reverse Charge Mechanism (RCM). It confirms that GTAs are required to pay tax at a rate of 5% when RCM is applicable, rather than the standard 6%.

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74 Points Posted on 11 February 2021
GTA requires to pay at 5% under RCM
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On 11 February 2021 at 08:55
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26 Points Posted on 11 February 2021
Yes 5% under RCM
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On 11 February 2021 at 10:33

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