gst on goods transport by truck under reverse charge
This query is : Resolved
10 June 2017
I am a retailer registered under gst. if I receive goods by truck from goods transport agency. then any case of reverse charge will arrive under composition scheme. if yes then who will pay the reverse charge. me or goods transport agency.
10 June 2017
Dear Virender,
By primary reading of the Law, no exception is provided for composite dealer for non payment of GST under Reverse charge. Therefore, composite dealers are liable to pay under reverse charges where GST Act specifically requires to do so.
Further, Goods transport agency service are notified as services covered under RCM and you are registered entity under CGST Act, therefore you will be liable to pay GST under reverse charge.
Further, no input tax credit of the same will be available to you, since you are registered as composite dealer.
Thank you
By primary reading of the Law, no exception is provided for composite dealer for non payment of GST under Reverse charge. Therefore, composite dealers are liable to pay under reverse charges where GST Act specifically requires to do so.
Further, Goods transport agency service are notified as services covered under RCM and you are registered entity under CGST Act, therefore you will be liable to pay GST under reverse charge.
Further, no input tax credit of the same will be available to you, since you are registered as composite dealer.
Thank you
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