WHAT IS RATE OF GST ON RCM FOR GTA
6 Replies
RAMESH KUMAR SINGLA
(PROFESSIONAL)
(1777 Points)
Replied 20 September 2017
IT IS 2.5% cgst + 2.5% sgst. The GTA is classified under chapter heading 9967.
AK SHARMA
(C.A.)
(110 Points)
Replied 20 September 2017
In case GTA is charging GST , what would be the position
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 20 September 2017
If you are registered under GST also GTA is registered then GST is 5%. You ll Pay as RCM.
Then you can get it as ITC...
AK SHARMA
(C.A.)
(110 Points)
Replied 20 September 2017
GTA is charging 12%but Company is liable 5% on RCM basis . Company has no outward supply under GST being in liquor business. 1.can company refuse to payGST to GTA and pay on RCM. 2.Even if co.Pays to GTA it is also liable to pay on RCM. PL reply
Unmesh
(student)
(108 Points)
Replied 21 September 2017
GTA is a RD hence it is charging 12% gst on its bill.
Now as your company is out of GST ambit you can pay the full amount to GTA and claim the same as expenditure.
Now as your company is out of GST ambit you can pay the full amount to GTA and claim the same as expenditure.
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