Dear sirs,
I am a steel supplier and supplying material intrastate. If in a invoice material value is 1lac. Now I am raising invoice to my customer material value 1,00,000/- + freight is 3500 together it is 1,03,500/- + GST there on is 18% (9%CGST+9%SGST)
My customer is paying me total amount to me and paying GST as O/p GST less then I/p GST.
The transport person gets payment from me on voucher.
Now do I have to make RCM on above transaction or i dont as i have already chrged GST on freight shown in invoice i.e. @ 18% rate
Please reply specifically for the above query. Thanks in advance
Regards,
Ashish Shah.
| Originally posted by : Ashish Shah | ||
 |
Dear sirs,I am a steel supplier and supplying material intrastate. If in a invoice material value is 1lac. Now I am raising invoice to my customer material value 1,00,000/- + freight is 3500 together it is 1,03,500/- + GST there on is 18% (9%CGST+9%SGST)My customer is paying me total amount to me and paying GST as O/p GST less then I/p GST. The transport person gets payment from me on voucher. Now do I have to make RCM on above transaction or i dont as i have already chrged GST on freight shown in invoice i.e. @ 18% ratePlease reply specifically for the above query. Thanks in advanceRegards, Ashish Shah. |  |
Both are different transactions like Outward and Inward...
The Transporter is GTA then You must Pay Tax under RCM basis. If he is not GTA then no need to pay Tax...
CAclubindia
