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Reverse charge on Goods Transport Agency under GST

RCM 291 views 3 replies

Neetesh Jain

11 Points Posted on 20 August 2017

what is the reverse charge mechanism on Goods Transport
Agency under GST

Replies (3)

piyush gupta

student

121 Points Posted on 20 August 2017

you have to pay tax on amount of transport service under reverse charge mechanism

Aditya Somani

3 Points Posted on 21 August 2017

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).

ganatra prakash

B.Com

109 Points Posted on 21 August 2017

RCM on GTA is @ 5%

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