Forum GST RCM rate on GTA

RCM rate on GTA
Girish Suryawanshi
watch_later 22/12/17

Hi,

we are in mfg business of wire nails, we received raw material from transport where no GTS charged in Billty (Bill).

Here we pay 5% GST on GTA take ITC same on next month. is it correct.

I mean 5% (2.5+2.5) is it correct n.

Thanks

1 Response | Latest response: 25/12/17 | Sort by Likes(thumb_up) Recent | GST Reply
GST Payer
watch_later 25/12/17
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Yes, you have to charge and pay 5% GST on RCM basis. You can take credit in next month.

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