Respected Sir,
Good afternoon!
In December, we have recd two invoices for transportation; Rs. 2500/- (unregd party) & Rs. 2200/- (regd party). Do both bills attract RCM? If yes, then at what rate?
RCM on GTA is applicable. If both parties are are GTA (Goods Transport Agencies), then RCM is applicable and you have to charge GST and pay to government.
You need to pay at 5%.
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