June 2025

RCM on Transporter under GST (Goods Transport Agency – GTA)

GST Updates /

🔹 Short Summary: RCM on Transport Services (Goods Transport Agency – GTA) 🧾 RCM on GTA Services – At a Glance Condition Taxable Person GST Rate Who Pays GST ITC Allowed GTA issues a consignment note Registered Person 5% (RCM) Recipient Yes GTA opts for forward charge (via Annexure V) GTA 12% (FCM) GTA Yes […]

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Understanding RCM: Meaning, Applicability, and Key Considerations under GST

GST Updates /

Introduction to RCM (Reverse Charge Mechanism) The Reverse Charge Mechanism (RCM) is a pivotal aspect of the Goods and Services Tax (GST) framework in India, fundamentally altering the way tax obligations are assigned between suppliers and recipients of goods and services. Under RCM, the liability to pay tax is shifted from the supplier to the

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