TMI BlogRcm applicable in gta below 750 Rs.X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. 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 . . Pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ior 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ................................. These are ex facie views of mine and the same should not be construed as professional advice / suggestion. - Reply By Ganeshan Kalyani - The Reply = ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 = Effective from 18-07-2022, RCM is applicable even when the consideration for single consignee is below Rs.750. - Rcm applicable in gta below 750 Rs. - Query Starte ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d By: - Affirmservicesconsultancy Privatelimited Dated:- 31-1-2024 Last Replied Date:- 2-2-2024 Goods and Services Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
