transporter billing problems

196 views 5 replies

vishu

accountant

224 Points Joined September 2013

Transporter is registered in gst. His service is covered in reverse charge. Mtlab agar Freight amount 10000. Gst 5% on freight. To transporter ko 10000 rs. hi party se lene h. Tax ke paise party khud jama karegi. Ab mera questions h y hi jb transporter 10000 rs. Ka bill raise karega to use us bill me kya 5% gst bhi bill me show karna padega ya gst ka column blank rhega.

Replies (5)

CA Rakesh Joshi

Chartered Accountant

1272 Points Joined May 2015

The Inovice under RCM is same as regular Invoice under GST except for difference that under RCM the GST amount will be disclosed with respective rates in the Invoice but should not be included in arriving at the Invoice value i.e Taxable value will be the Invoice value.

Example : If taxable value is Rs 10000 in your case then the Invoice value is also to be shown as Rs 10000.

Also a note should be provided in the Invoice as as foot note saying that the GST is to be paid by the receipient of supply and the liability to pay the GST is on the receipient of supply.

I think I have conveyed my view.

vishu

accountant

224 Points Joined September 2013

Taxable amount 10000 invoice value 10000 to gst m kuch nhi likhna. Sirf reverse charge pr tick lagana hi kafi h kya

CA Rakesh Joshi

Chartered Accountant

1272 Points Joined May 2015

Disclose GST at the applicable rate in the Invoice but dont add it.

Taxable value = Invoice value

The receipient of supply will have to pay the tax under RCM. Give a note in the Invoice for the same.

Pankaj Rawat

GST Practitioner

55062 Points Joined June 2017

Nahi , Agar aap registered dealer ko supply kar rahe hai to aap ko 5% nahi jama karana hai kyun ki recipient RCM karkey ush per tax jama karaega

Aur agar GTA not providing his services to specific category of recepient mention in Notification 13/2017 CT (r) Toh GTA ko 5% GST jama karna hoga .