we have entered a contract with a goods transport agency, provided a clause that if vehicle wont for 4000 minimum kilometers in a month that part we will pay for 7.50 rs for that short running.
for eg. 340 short run in month then 340km*7.5/- =2550.
now my query is that, i am liable to pay gst on RCM or not.
because no actual service is provided by the transporter.
can anyone pls reslove the issuse..
regards,
mohan