Rcm

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 October 2017 Dear Expert,

We would like to inform you that please provide list of items on which RCM is applicable as per latest notification. And provides GST rates for GTA if rcm is applicable. Sir we are manufacturer, most of the sales is interstate, we charged transportation charges in sales invoice and also paid transportation charges to GTA. We charge transportation charges in invoice and also paid to GTA on behalf of our party. Transportation is our responsiblety. Now we want to know that GST rates in purchase and sales transactions and also advise input credit available or not . Also advise tax heads under which tax we have to paid.

Udaya Chandran

Udaya Chandran (Expert)
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28 October 2017 Section 9(4) is removed until 31st Mar 2018 - so supplies from unregistered dealers are not subject to RCM
Section 9(3) is still applicable, as per the section, RCM should be paid by the recipient for services like, transportation by GTA, Advocate fees, director's remuneration, etc

RCM on transportation services is applicable only when received from GTA @ 5%

SAC - 996511 Road transport services of Goods including letters, parcels, live animals, household & office furniture, containers etc by refrigerator vehicles, trucks, trailers, man or animal drawn vehicles or any other vehicles.