Dear sir,
If pvt ltd, a transport company (GTA) provide service to partnership /LLP, then who pay gst on rcm basis..
Kindly advice under gst regime.
7 Replies
srikumar
(audit staff)
(1203 Points)
Replied 04 January 2020
Rcm payable by recipent of service, so u case firm will pay 5 percent gst and also take itc on next month
SOWJANYA M
(840 Points)
Replied 04 January 2020
ITC can be claimed in the same month itself @ srikumar
Sanku Bangal
(10 Points)
Replied 04 January 2020
If both are registered in GST then recipient have to pay and claim input tax (if tax rate 18%).
srikumar
(audit staff)
(1203 Points)
Replied 05 January 2020
Sowjanya sir, ITC can be claim same month or next month, but itc will be available
SOWJANYA M
(840 Points)
Replied 05 January 2020
@ srikumar
we have the option to claim same month y to wait for one month
we have the option to claim same month y to wait for one month
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 06 January 2020
| Originally posted by : Salamat ansari | ||
 |
Dear sir, If pvt ltd, a transport company (GTA) provide service to partnership /LLP, then who pay gst on rcm basis..Kindly advice under gst regime. |  |
RCM payable by the Partnership/LLP if they Registered under GST...
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