Hello Friends
what is the GST rate for transport charges & Rent under RCM ?
18 Replies
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 04 August 2017
Where transport charges are provided by GTA and he does not any credits then the rate is 5%.
For rent the rate is 18%
Aparna
(accountant)
(189 Points)
Replied 04 August 2017
it local freight like i have send some matirial to my client and i send matirial through local transport which is not register person than ?
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 04 August 2017
Does he give consignmnet note (bilty) ?
Aparna
(accountant)
(189 Points)
Replied 04 August 2017
Any Limite for rent on RCM basic For exmapla my Office rent is 4000 and other exp like tee and transport is crosed 5000 than i have to pay GST under RCM ? if yes than gide me for invoice because on rent GST is applicabal 18 % but on Tee GST is applicable is 5 % than how can i prepar invoice ?
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 04 August 2017
The exemption limit is per day. Therefore you can make payment on different dates and claim exemption.
In case bilty is not given by transporter then transport service is exempt.
Aparna
(accountant)
(189 Points)
Replied 04 August 2017
ok thanks sir
if any query i will contact you . thank you
Aparna
(accountant)
(189 Points)
Replied 05 August 2017
Hello Sir,
If i purchase matirial from un register person of rs. 9000 (hand Gloves) than RCM is aplicabl. but my questio is RCM is applicabl in 9000 or 4000? if these matirial i can sold to other person than how to rcm Calculated ? and if these matirial i can use for my office in short its exp for me than how to calculated RCM ?
Aparna
(accountant)
(189 Points)
Replied 05 August 2017
Hello Sir,
If i purchase matirial from un register person of rs. 9000 (hand Gloves) than RCM is aplicabl. but my questio is RCM is applicabl in 9000 or 4000? if these matirial i can sold to other person than how to rcm Calculated ? and if these matirial i can use for my office in short its exp for me than how to calculated RCM ?
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 05 August 2017
RCM will be applicable on 9000. Once amount exceeds 5000 the exemption does not apply at all.
RCM will be calculated on 9000, pay the tax and take credits. Your capital will get blocked till you can utilise the credit.
RCM will be calculated on 9000, pay the tax and take credits. Your capital will get blocked till you can utilise the credit.
Aparna
(accountant)
(189 Points)
Replied 06 August 2017
Hello sir
If I don't want paid tax under RCM mathod can I make invoice in two part in dirrerent date ? If yes than pleas tell me that if I prepare two invoice can I show GST in invoice or With out Gst . Or where I show in GSTR 3
Aparna
(accountant)
(189 Points)
Replied 06 August 2017
Hello sir
If I don't want paid tax under RCM mathod can I make invoice in two part in dirrerent date ? If yes than pleas tell me that if I prepare two invoice can I show GST in invoice or With out Gst . Or where I show in GSTR 3
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 06 August 2017
Make payment in two different and make invoice of each payment date. Where a contract is involved amend it. These practices can be done to only some extent. Where the amount is big such methods will become useless. Although these practices are against the spirit of the law but they are legal.
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