Currently RCM on GST is being paid @ 5% as per notification 11/2017. But the said notification also says such rate is applicable on fulfilling of conditions mentioned there in.
Is it not logical to assume that the rate given there is only for supplier of service.?
Them for RCM, will not entry 9(vi) be applicable as per which rate is 18%?.
8 Replies
Sasidhar Aruljothi
(C.A FINAL)
(187 Points)
Replied 28 December 2017
Will do it Mr.Dimpy. Any clarity on this?
Dimpy
(accountant)
(119 Points)
Replied 28 December 2017
in case of RCM for interstate flat 5% u have to pay and for local 2.5% cgst & 2.5% sgst
Dimpy
(accountant)
(119 Points)
Replied 28 December 2017
then credit the same for same month but questions is that GTA will file return or not if he is not filling then u have take this under unregistered we don't have any choice for this
Sasidhar Aruljothi
(C.A FINAL)
(187 Points)
Replied 28 December 2017
My doubt is on d rate. 2.5%% is the rate for supplier of service as per notification 11, then how can recepient, take the concessional rate. The rate is not mentioned anywhere na?
Dimpy
(accountant)
(119 Points)
Replied 28 December 2017
in case of GTA the rate is 5% in case of igst
notification 11 is only for cgst act not sgst for local GTA means u are in Delhi and GTA also register in Delhi then 2.5 cgst will applicable
notification 11 is only for cgst act not sgst for local GTA means u are in Delhi and GTA also register in Delhi then 2.5 cgst will applicable
Dimpy
(accountant)
(119 Points)
Replied 28 December 2017
as well as 2.5% sgst will be applicable as per GST regime
Dimpy
(accountant)
(119 Points)
Replied 28 December 2017
as well as 2.5% sgst will be applicable as per GST regime
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