Deep A Pobari asked 5 years ago
RCM ON FREIGHT PAID
I received Agriculture produce by road transport from another state and that is TAX-Free, where consideration charged is 50,000/-, So RCM applicable on 50,000/- paid? ( No RCM on agriculture produce but amt. more than 1500/- so I’m confused )
Answer the question1 Answers
CA Venu Gopal Gella answered 5 years ago
RCM is ZERO
Freight charges more than 1500 RCM is applicable.
This 50k to be paid by way of RCM
Rate of Tax , to be assessed what would have been the rate for supplier. Rate for Supplier is NIL
Hence 50k * 0% = 0
