Rcm applicable in gta below 750 Rs., Goods and Services Tax - GST

[Affirmservicesconsultancy Privatelimited]

Is RCM under GTA IS APPLICABLE FOR THE AMOUNT BELOW Rs. 750. IS THERE IS ANY CHANGES IN 2022.

Posts / Replies

[Amit Agrawal]

Against serial number 21 of Exemption Notification No. Notification 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, 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.

[Ganeshan Kalyani]

As the exemption is omitted the RCM is applicable on said amount of freight charges.

[KASTURI SETHI]

Undoubtedly RCM is applicable. I agree with both experts.

[Padmanathan Kollengode]

Effective from 18-07-2022, RCM is applicable even when the consideration for single consignee is below Rs.750.