Q761. From the Audit of Income Tax 2017-2018 Trading Account Expense Freight is shown 2500000 upon which the GST department made me liable under RCM to Pay tax. Any solution upon which. and there are demanding interst and penalty upon also any show to not give interest and penalty. Only the RCM can be paid to the Department.

Ans: You need to check whether the same falls under RCM. There are cases when GTA falls under Forward charge also. Further If GTA services are taken then only RCM will be applicable, if only tansportation of goods was obtained, then also RCM is anot applicable

Q760. From the Audit of Income Tax Trading Account Expense Freight is shown 2500000 upon which the GST department made me liable under RCM to Pay tax. Any solution upon which.

Ans: You need to check whether the same falls under RCM. There are cases when GTA falls under Forward charge also. Further If GTA services are taken then only RCM will be applicable, if only tansportation of goods was obtained, then also RCM is anot applicable

Q759.  For purchase of course fees from outside India , do we need to charge RCM

Ans: In case we are a business entity and taking services from outside India, then GST has to pay under RCM.