Rcm applicable in gta below 750 Rs.
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....cm applicable in gta below 750 Rs.<br> Query (Issue) Started By: - Affirmservicesconsultancy Privatelimited Dated:- 31-1-2024 Last Reply Date:- 2-2-2024 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>Is RCM under GTA IS APPLICABLE FOR THE AMOUNT BELOW Rs. 750. IS THERE IS ANY CHANGES IN 2022. Reply By Amit Agrawal: The Reply: Against serial number 21 of Exemption Notification No. Notifi....
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....cation No. 12/2017- Central Tax (Rate), in column (3), clauses (b) and (c) was omitted vide Notification No. 04/2022 -Central Tax (Rate) dated 13th July, 2022 & made effective from 18.07.2022.. Prior to this omission, exemption was available for the following services against serial number 21 of Exemption Notification No. 12/2017- Central Tax: "Services provided by a goods transport agency,....
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.... by way of transport in a goods carriage of ...................... (b) goods, where consideration charged for the transportation of goods on a consignment transported in a single carriage does not exceed one thousand five hundred rupees; (c) goods, where consideration charged for transportation of all such goods for a single consignee does not exceed rupees seven hundred and fifty ................
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........................." These are ex facie views of mine and the same should not be construed as professional advice / suggestion. Reply By Ganeshan Kalyani: The Reply: As the exemption is omitted the RCM is applicable on said amount of freight charges. Reply By KASTURI SETHI: The Reply: Undoubtedly RCM is applicable. I agree with both experts. Reply By Padmanathan Kollengode: The Reply:....
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.... Effective from 18-07-2022, RCM is applicable even when the consideration for single consignee is below Rs.750.<br> Discussion Forum - Knowledge Sharing ....