I want to know - RCM on Freight withdraw or not?
RCM on freight
Manish Sulakshane
RCM on freight under GST remains effective for GTA; Sections 9(3) CGST and 5(3) IGST still apply. A query was raised about the status of Reverse Charge Mechanism (RCM) on freight under the Goods and Services Tax (GST). Three responses confirmed that RCM on freight, specifically for Goods Transport Agency (GTA), remains in effect. Section 9(3) of the Central Goods and Services Tax (CGST) and Section 5(3) of the Integrated Goods and Services Tax (IGST) Acts were cited, indicating no withdrawal of this provision as of the discussion date. (AI Summary)
TaxTMI
TaxTMI