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TMI BlogRCM-Applicability to a TraderX X X X Extracts X X X X X X X X Extracts X X X X ..... RCM-Applicability to a Trader X X X X Extracts X X X X X X X X Extracts X X X X ..... proprietorship firm) @ KA intend to take this order from B. Since C does not have vehicles C wants to utilise the service of GTA. Hence C introduces a GTA D and offload the order. C is the authorised agent of D to promote their business formally entered an agreement. C receives the order from B and offload to D D will raise the bill to C and C will raise the bill to B. Waybill would be issued ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to D by A & B & Consignment not would be issued by D Opinion from the experts needed how this transaction could be made through . who has to charge GST? if so what would be the % Thanks for support Reply By KASTURI SETHI: The Reply: Who bears the freight expenses on account of transportation of goods by road, will pay GST under RCM, if GTA is not under FCM. A is consignor. B is ultimately co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nsignee. C is working for and on behalf of B. C is also agent of D (GTA). C is intermediary.Freight on account of transportation of goods is borne by B. Actually, D has transported the goods belonging to B to the project site in Maharashtra. Inter-State supply is involved for the supply of goods and services (transportation of goods by road i.e. (GTA) both 1. IGST is applicable for supply of go ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ods and services.
2. Since ultimately freight is borne by B, being, de facto buyer of x product from A, B will pay IGST @ 5% under RCM.
This is my view.
Reply By swamynathan pitchai:
The Reply:
Dear KM sir
Thanks for your reply. in such case what will be the billing of C & D?
Both are registered under GST. Whether both have to claim 5% in their billing ? X X X X Extracts X X X X X X X X Extracts X X X X ..... ring ..... X X X X Extracts X X X X X X X X Extracts X X X X
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