RCM Under GST Transportation Tax is charged on GST Services, which are nothing more than outsourced transportation agencies that provide the services of transporting goods while issuing a consignment note. Services based on Goods & Transport Agencies (GTAs) are covered by RCM in India. Under Notific...
Advance paid for reverse charge supplies is also liable to procure GST. The person making advance payment has to pay tax on a reverse charge basis.5. Can you get Input tax credit (ITC) on transactions under RCM?Under the reverse charge mechanism, the recipient of goods cannot claim ITC as...
13/2017 - Central Tax ( Rate ), dated 28th June 2017, if you have received services from a GTA ( Goods Transport Agency ).For paying GST under RCM basis, you need to prepare a "SELF INVOICE" as provided under Section 31(3) clause (f) of the CGST Act 2017 on the date of ...
Our Gross Receipts are from 2 sources i e from sales of material and transportation services Now my question is 1 Whether I am liable to pay GST on outward transportation charges 2 Whether GST payable under RCM on inward Transportation Charges paid