RCM
This query is : Resolved
21 March 2020
Sir gst rcm is applicable on freight charges, Freight charges is compulsory or based on daily limit, if daily limit than what is the daily limit, kindly guide me.
21 March 2020
RCM is applicable on freight charges by GTA ( Goods Transport Agency )
GTA is an agency who issues consignment Notes.
Limit imposed is not on daily basis ,exemption limit is on the basis of consignment value consignment value . Transportation thru GTA will be exempted in following cases :-
Transport of any goods, where consideration charged for transportation of all such goods for a single consignee does not exceed Rs. 750.
Transport of any goods, where the gross amount charged for transportation for a consignment transported in a single carriage does not exceed Rs. 1,500.
GTA is an agency who issues consignment Notes.
Limit imposed is not on daily basis ,exemption limit is on the basis of consignment value consignment value . Transportation thru GTA will be exempted in following cases :-
Transport of any goods, where consideration charged for transportation of all such goods for a single consignee does not exceed Rs. 750.
Transport of any goods, where the gross amount charged for transportation for a consignment transported in a single carriage does not exceed Rs. 1,500.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
