Poonawalla fincorps
Poonawalla fincorps

Rcm - transportation exp.

This query is : Resolved 

09 May 2019 Dear Sir/Madam,

Please advise, whether RCM is applicable in the case we engage local lorry & he will not issue any sort of LR/Cash Receipt or proof of hiring the lorry. The freight will be paid by cash and booked into Freight Inward/Outward Exp.

My query is do we need to pay GST under RCM and can we avail input credit on the same, irrrespective of Freight paid on inward or outward of goods.

Thanks

09 May 2019 No RCM applicable on such freight payment it's exempt from GST.

09 May 2019 Then in which case RCM is applicable on GTA...& can we avail input for GST paid on RCM basis on freight outward?


09 May 2019 Then in which case RCM is applicable on GTA...& can we avail input for GST paid on RCM basis on freight outward?


09 May 2019 RCM is applicable on GTA

Transporter issuing consignment Note is GTA under GST



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries