TaxTMI 
TaxTMI 
Is RCM under GTA IS APPLICABLE FOR THE AMOUNT BELOW Rs. 750. IS THERE IS ANY CHANGES IN 2022.
Rcm applicable in gta below 750 Rs.
31 Jan 2024 
4 Replies 
13652 Views Reverse charge mechanism under GTA now applies even when freight for a single consignee falls below prior small-value exemption.
The reverse charge mechanism for goods transport agency services now applies to supplies where earlier small-value exemptions for single-carriage and single-consignee freight were omitted; the exemption clauses were removed by amendment to the Central Tax (Rate) notification, effective 18 July 2022, making recipients liable to discharge tax under RCM even for consignments that previously fell within the small-value thresholds. (AI Summary)
The reverse charge mechanism for goods transport agency services now applies to supplies where earlier small-value exemptions for single-carriage and single-consignee freight were omitted; the exemption clauses were removed by amendment to the Central Tax (Rate) notification, effective 18 July 2022, making recipients liable to discharge tax under RCM even for consignments that previously fell within the small-value thresholds. (AI Summary)