29 September 2017
dear all expert if i spend rs 4000.00 for purchase from un registered dealers in a day & on same day i also paid rs 1400.00 as freight .
Total spending is 5200.00 is it exempted from tax or taxable under rcm??
29 September 2017
If you have pd to GTA then same is exempt upto 1500/ in case goods supplied to you is only that of you. So you need to pay reverse change on 4000/
29 September 2017
You can pay RCM related taxes On Your total amount Rs. 5200/-...
If your one day ceiling limit is more than 5000 (5001) you ll be pay Tax under RCM basis on entire amount...
If less than 5k then no need pay Tax under RCM basis..
29 September 2017
Dugar Ji
First of all exemption of Rs. 1500 is applicable for GTA only not for recipient.
Freight comes U/S 9(3)
whereas purchase URD comes U/S 9(4).
In your case you have to compulsory pay RCM on freight of Rs. 1400=00 and need not pay RCM on URD purchase if 4000=00 for that day.
29 September 2017
That means for supplies u/S 9(3) we have to compulsory pay RCM charges irrespective of amount.
for purchase URD u/S 9(4) we have 5000 limit per day for intrastate purchase.
Both supplies are separate and have not be added.
29 September 2017
Dear Mr Anshul
It is either supplier or recipient who is required to pay GST either forward or reverse charge basis. GTA is exempt from payment of tax or registration under GST if his only business is to carry goods. So Rs 1500/ exemption was given to recipient not GTA. So when a service is exempt from tax payment it is not covered in 5000/ limit.
29 September 2017
GTA is not exempt for taking registration but there is no compulsion for GTA to take registration. GTA can take registration and charge GST if he wants. Then buyer or supplier need not pay tax under RCM. And 1500 limit is only for GTA
29 September 2017
GTA's service not included in 5k limit. Bcoz, It's notified RCM applicable heads. Also 1500 is only applicable single carriage transportation... Rs. 750 is exempted In any way from GTA...
If it's under exempted limit then it's not calculate the ceiling limit of GTA is registered... If GTA is URD then also calculated including 5k limit...
CAclubindia
