Reverse charge mechanisam for exempted goods....
This query is : Resolved
VA CHANDRASEKARAN
(Querist)
03 October 2017
m....
Dear Sir,
My client is dealing in Exempted Item, ie., RICE;
1..Whether he is liable to RCM for the inward Freight Payment?
2..If he is liable and pays RCM by cash, how can he retrive the paid amount, since his sales are exempted, not liable to pay any Tax on his sales?
Pl clarify and oblige.
REGARDS....
auditchandroo@gmail.com
Dear Sir,
My client is dealing in Exempted Item, ie., RICE;
1..Whether he is liable to RCM for the inward Freight Payment?
2..If he is liable and pays RCM by cash, how can he retrive the paid amount, since his sales are exempted, not liable to pay any Tax on his sales?
Pl clarify and oblige.
REGARDS....
auditchandroo@gmail.com
CA R SEETHARAMAN
(Expert)
03 October 2017
1 Transport of rice is exempt from GST hence reverse charge not applicable.
CA Rashmi Gandhi
(Expert)
03 October 2017
Transport of rice by GTA is covered in exempted list. So, same is not taxable.
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