Rcm on gta services gst rate and rcm exempt on govt.supply
This query is : Resolved
07 September 2019
SIR,
We are engage in manufacturing of Railway Equipments and directly supply in Railway Coach Factory in India.
Our question
1.We send our products to Railway Coach Factory through transport agency and pay freight charges to transport agencies but we do not pay any RCM because our supply to directly Govt.Dept.why are you pay RCM?.
2.If we pay RCM 5% or 12% ?
We are engage in manufacturing of Railway Equipments and directly supply in Railway Coach Factory in India.
Our question
1.We send our products to Railway Coach Factory through transport agency and pay freight charges to transport agencies but we do not pay any RCM because our supply to directly Govt.Dept.why are you pay RCM?.
2.If we pay RCM 5% or 12% ?
08 September 2019
RCM not applicable in this case. If freight charges collected separately charge gst on it the rate applicable to supply of materials.
Message likes :
1 times
08 September 2019
RCM is applicable in your case. If you are paying freight, RCM is applicable to you. Rate of RCM is 5%. However if GTA is opting for forward charge then RCM is not applicable to you ans you shall be paying 12% GST on forward basis.
Message likes :
1 times
09 September 2019
RCM applicable in this case Pay 5% and claim ITC. Charge GST on freight charges made in the invoice at the rate applicable to the materials.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
