Rcm on freight
Query (Issue) Started By: – Jitin B Dated:- 23-2-2018 Last Reply Date:- 7-3-2018 Goods and Services Tax – GST
Got 11 Replies
GST
Dear sir i have one doubt regarding RCM on frieght.as per Gst notification no.12\/2017 -central tax(rate) dated 28\/6\/2017 (sr.no 18) transporters has two options to pay GST 5%with out input.12% with input.and it further shows that if transporter chooses 12% as per notification the specified supplier need not pay gst on RCM.it means if he chooses 5% then supplier is also required to pay under RCM.please send me reply
\nReply By rajkumar shukla:
\nThe Reply:
\npl confirm whether it is notfn 11\/2017 or 12\/2017
\nReply By Rajagopalan Ranganathan:
\nThe Reply:
\nSir,
\nSl. No. 1 of Notification No. 13<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n pay under RCM and if you are getting invoice then you are required to pay 5% under RCM = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Rcm on freight Query (Issue) Started By: – Jitin B Dated:- 23-2-2018 Last Reply Date:- 7-3-2018 Goods and Services Tax – GSTGot 11 RepliesGSTDear sir i have one doubt regarding RCM on frieght.as per Gst notification no.12\/2017 -central tax(rate) dated 28\/6\/2017 (sr.no 18) transporters has two options to pay GST 5%with out input.12% with input.and … Continue reading “Rcm on freight”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-10530","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/10530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10530"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/10530\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\nReply By Jitin B:
\nThe Reply:
\n@@Rajagopalan Ranganathan
\nDear sir,
\nAs per notification
\nIf GTA opts to pay 5% on output then input is not availabletosuch GTA.And the notification also says if GTA chooses 12% on output the specified suppliers are not required to pay GST under RCM as u have said but the notification is silent about if GTA chooses 5% on output then whether the specified supplier are required to pay GST under RCM or not?
\nReply By Ganeshan Kalyani:
\nThe Reply:
\nif transporter charges GST on invoice either 5% or 12% then the recipient (which you have mentioned as supplier ) need not pay GST under reverse charge.
\nif transporter does not char<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n