Home Top-Tier, Free Access.
Forgot password New User/ Regiser ⇒ Register to get Live Demo
Clarification on Tax Liability under RCM in case of Services Provided by One Registered GTA to Another Registered GTA - Goods and Services Tax - GSTExtract We seek your clarification on the applicability of GST under the Reverse Charge Mechanism (RCM) in the following scenario: GTA-1 is a GST-registered Goods Transport Agency (GTA) that has opted to pay GST under RCM , and issues a consignment note . GTA-2 is also a GST-registered GTA , which has likewise opted to discharge GST under RCM , and also issues a consignment note to the end customer. GTA-1 provides goods transportation service to GTA-2 , and thereafter GTA-2 supplies the same transportation service to the end customer (e.g., manufacturer, body corporate, etc.), who falls under the specified category liable under RCM.
|