GTA REVERSE CHARGE minimum AMOUNT
srinivas (Accountant) (37 Points)
24 May 2018
suppose I paid 120 rs. transportation charges how can I show in cash book need i pay gta reverse charge.
9 Replies
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 24 May 2018
No need to pay RCM on transportation charges if freight amount is less than 750/1500 as the case may be.
(a) Where the gross amount charged for the transportation of goods on a consignment transported in a single goods carriage is upto Rs 1,500/-or
(b) Where the gross amount charged for transportation of all such goods for a single consignee in the goods carriage is upto Rs. 750/-
(a) Where the gross amount charged for the transportation of goods on a consignment transported in a single goods carriage is upto Rs 1,500/-or
(b) Where the gross amount charged for transportation of all such goods for a single consignee in the goods carriage is upto Rs. 750/-
srinivas
(Accountant)
(37 Points)
Replied 24 May 2018
thank you sir, if single goods transportation is below 1500/-is there no need to apply RMC and if transportation is 1500/- then I need to apply RMC.
Tushar Nanaware
(131 Points)
Replied 24 May 2018
there is no threshold limit. u hv to pay gst under rcm irrespective of amount. the conditions explained by sunil kumar sir was in service tax
srinivas
(Accountant)
(37 Points)
Replied 24 May 2018
what about 750/- and at the time service tax time we calculate 750/- on service tax
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 24 May 2018
Dear Tushar ji,
Above mention Exemption of 750/1500 is also available under GST (HSN code 9967 @ 0%.)
Above mention Exemption of 750/1500 is also available under GST (HSN code 9967 @ 0%.)
Tushar Nanaware
(131 Points)
Replied 24 May 2018
yes sunil kumar sir. checked. it is there. thanks a lot
Sivaraman A R
(.)
(1040 Points)
Replied 03 February 2019
Dear Expert,
I have a question on the confusion of this limit of Rs 1500/750 in GST for GTAs. Below is the link, All kindly read and provide you valuable comments there also
Regards,
Siva
Bijender Khatana
(2 Points)
Replied 23 June 2020
Dear Sir,
suppose I paid 120 rs. transportation charges how can I show in cash book need i pay gta reverse charge.
Thanks & Regards,
Ashok
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