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TMI BlogRcm on freightX X X X Extracts X X X X X X X X Extracts X X X X ..... 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. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... please send me reply - Reply By rajkumar shukla - The Reply = pl confirm whether it is notfn 11/2017 or 12/2017 - Reply By Rajagopalan Ranganathan - The Reply = Sir, Sl. No. 1 of Notification No. 13/2017- Central Tax (Rate) dated 28.06.2017 as amended clearly says if the Goods Transporter opts for payment of gst @6% with eligibility to avail ITC of gst paid on inputs and input servi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ces, then payment of gst under RCM by the receiver of the service does not arise. If the transporter is not paying gst on the service provided by him to the entities listed against Sl. No. 1 of the above Notification then the entities listed have to pay gst on GTA service received by them under RCM @ 5% since the entities cannot avail ITC of gst paid on inputs and input services availed by the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... transporter. - Reply By Alkesh Jani - The Reply = Sir, In simple language it can be said that If you are getting invoice of 12% from GTA, then you are not required to pay under RCM and if you are getting invoice then you are required to pay 5% under RCM - Reply By Jitin B - The Reply = @@Rajagopalan Ranganathan Dear sir, As per notification If GTA opts to pay 5% on output then input is no ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t 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? - Reply By Ganeshan Kalyani - The Reply = if transporter charges GST on invoice either 5% or 12% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... then the recipient (which you have mentioned as supplier ) need not pay GST under reverse charge. if transporter does not charge any tax on invoice then the specified recipient is liable to pay GST under reverse charge . Further, the option of 5% or 12% is provided to the transporter. If he claims input tax credit then will have to pay tax @12% and if he doesn't then 5%. - Reply By KAS ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TURI SETHI - The Reply = The reply of Sh.Ranganathan Sir is very much clear. What I infer from all the replies, first liability is of GTA (Transportet), thereafter consignor or consignee. - Reply By Ganeshan Kalyani - The Reply = I agree with Sri Kasturi Sir's view . - Reply By Kusalava InternationalLimited - The Reply = Sir, Can I Claim ITC 12% Invoice raised by transporter. - Reply B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y rajkumar shukla - The Reply = In my view ,the restrictions imposed for availing ITC is for GTA and not for recipient. Recipient is eligible for ITC so long as GTA services are input for them. - Reply By KASTURI SETHI - The Reply = Yes, Sir. I agree with you. - Reply By JAIPRAKASH RUIA - The Reply = In case of recipient is paying the GST under RCM @5%, recipient should take the declaration ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on LR/Bill from the transporter that he is not taking the credit of GST on input/CG/input service availed by him, if transporter is registered and if transporter is unregistered there no question of taking the credit of GST by him. - Rcm on freight - Query Started By: - Jitin B Dated:- 23-2-2018 Goods and Services Tax - GST - Got 11 Replies - GST - Discussion Forum - Knowledge Sharing, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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