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Reverse charges on frieght

RCM 204 views 3 replies

intra-state purchase by a registered dealer accompanied by a bilty of a unregistered GTA  of Rs. 1500/-

is it covered under RCM....??

or it is exempt via notification no. 8/2017 of GST act of thrashold limit of  rs.5000/day   ???

Do i need to raise RCM purchase invoice in both the cases...????

Also if in case tax is payable then that amount is eligible for ITC or not....????

Replies (3)
sir rs 5000 expemption is not for RCM of GTA so you pay gst on gta service @ 5% and avail the credit
sir rs 5000 expemption is not for RCM of GTA so you pay gst on gta service @ 5% and avail the credit
Yes. RCM is applicable in this case. 5k ceiling limit not applicable for GTA and GSTN declared RCM categories....


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