banner_ad

Reverse charges

Others 291 views 6 replies
User Avatar

629 Points Posted on 04 April 2021
Sir,

We have got service from transporter in Financial year 2020-21. 15 to 20 transporter invoices value in whole year approximately RS.40 Lac's So RCM is eligible or note if yes how much
0 Reply Share Follow
On 04 April 2021 at 17:42 Report
Replies (6)
User Avatar

Chartered Accountant
86505 Points Posted on 04 April 2021
Https://cleartax.in/s/goods-transport-agency-under-gst
Reply
On 04 April 2021 at 18:02
User Avatar

Chartered Accountant
24588 Points Posted on 04 April 2021
GTA is under RCM basis
Reply
On 04 April 2021 at 18:44
User Avatar

CA
173 Points Posted on 05 April 2021
Yes, GTA service is under RCM list, there for it is eligible for the payment under RCM @ 5% and you can claim the same as input credit.
RCM need to be paid in cash only.
1 Reply
On 05 April 2021 at 09:16
User Avatar

309 Points Posted on 05 April 2021
Yes, unless the gst has been paid by transporter on reverse charge, the same needs to be paid by way of RCM
Reply
On 05 April 2021 at 13:13
User Avatar

Student CA IPC / IPCC
28 Points Posted on 12 April 2021
If GTA is pay GST @ 5℅ to Govt. then who is eligible to take credit
Reply
On 12 April 2021 at 14:52
User Avatar

Chartered Accountant
86505 Points Posted on 18 April 2021

GTA has to pay 12% on forward charge basis not 5%

Reply
On 18 April 2021 at 12:36


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details