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RCM ON FREIGHT

SAIKUMAR CHIRRAM (41 Points)

17 April 2019

is there any limit of amount for freight charges to charge GST on RCM basis....

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Satya N Dharani (Finance Professional) (491 Points)
Replied 17 April 2019

this is applicable only thru Transport companies;

Notification no.2/2017 CTR gives exemption for service provided by GTA, by way of transport in goods carriage of -

(b) goods, where consideration charged for the transportation of goods on a consignment transported in a single carriage does not exceed one thousand five hundred rupees (rs.1500/-)

(c) goods, where consideration charged for transportation of all such goods for a single consignee does not exceed rupees seven hundred and fifty (rs.750/-) ;