WebAug 20, 2024 · Online GST Certification Course. piyush gupta (student) (121 Points) Replied 20 August 2024. you have to pay the gst on amount of cartage under rcm to government. WebApr 11, 2024 · To CGST- RCM Payable A/c : 1,250 : To SGST- RCM Payable A/c : 1,250 : To TDS Payable A/c : 1,000 : For Intrastate Receipt of Service: Freight A/c : Dr. 50,000 : IGST - Input A/c : ... (local time) while speaking at the Peterson Inst Date: 10-04-2024 Road transport, highways sector has maximum number of delayed projects: Govt report
GOODS TRANSPORT SERVICES - GST RATES & SAC CODE 9965
WebIs TDS under GST applicable when GST is paid under RCM by the recipient of the service. TDS under GST is applicable only to a specified class of persons like government, local authorities etc. It is not applicable to all taxpayers. Let us know your nature of services and type of entity. However, TDS under income tax is separate. WebJul 19, 2024 · A taxpayer is paying gst @5% on freight under RCM in terms of Notfn no. 13/2024-CT dt 28.06.2024.As per Notfn No. 11/2024-CT dt 28.06.2024 (s.ni. 9), rate of tax @5% in respect of GTA is applicable provided the credit of input tax charged on goods and services used in supplying the service. In this case, the queries are put forth for … split rail technology
TDS on Transportation Charges (Freight): All you need to know
Web74 rows · Apr 13, 2024 · GTA (Compulsory RCM) [Sec 9 (3)] Applicable. 5%. NA. Compulsory RCM 5%. Yes. Compulsory reverse charge is applicable on GTA Services @ 5%. Full ITC is … WebDefinition: Cartage is a transportation procedure that involves moving certain cargo within a short distance. It is a term that describes a carrying service that serves local destinations. What Does Cartage Mean? Supply chain procedures are not just employed for long distances, their reach also includes logistic processes that function within nearby locations. WebAug 4, 2024 · A regd gst dealer pays cartage of Rs 600 1000 2000 etc to a local tempo owner fordifferent supplies made locally without GR on different occasions Is he liable to … split rail store