what is the reverse charge mechanism on Goods Transport
Agency under GST
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Reverse charge on Goods Transport Agency under GST
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you have to pay tax on amount of transport service under reverse charge mechanism
reverse charge mechanism or RCM is payment of tax (GST) under reverse charge. Under RCM the service recivier has to pay the tax instead of service provider. RCM on GTA (Goods Transport Agency) is 100%. This means that the service receiver has to pay the whole tax (GST).
RCM on GTA is @ 5%
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