Dear all
I hav one doubt re GST
LAW:
If GTA charges for single consignment Rs.1500 or less, GTA exempt from collection of tax.
Fact :
On GTA services, Reverse charge is applicable
Doubt:
Suppose I pay Rs. 1200 to GTA, whether limit of Rs. 1500 also available to me?
Or I have to deposit the tax on reverse charge basis irrespective of limit available to GTA?
If GTA raised an invoice on which it is mentioned that tax is to be discharged on RCM basis, then you should discharge tax on RCM basis. 1500 limit is not for you but for GTA to decide whether tax is to be charged on RCM basis
CAclubindia
