Rcm on local transport

16 September 2017

i have paid local transport charges of rs. 253700/ than rcm is applicable or not..ya local transport fully exempted in gst..

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shivam rastogi (article) (3 Points)
Replied 16 September 2017

you have to deposit 5% of freight charges paid by you on RCM basis in cash

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 16 September 2017

Yes. If without consignment note or LR or GTA then it's exempt....

SANDEEP JAIN (Tax Consultant) (487 Points)
Replied 17 September 2017

only upto 750 or 1500 are exempt on certain conditions

otherwise taxable

CA Sanjay Kumar Maharana (SENIOR OFFICER(ACCT)) (184 Points)
Replied 17 September 2017

Transportation by party other than GTA is exempt..

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