No GST RCM on Total Freight or Transportation Charges | Goods Transport Agency RCM

No GST RCM on Total Freight or Transportation Charges | Goods Transport Agency RCM

Are you aware that not all freight charges for goods road transport are subject to GST under reverse charge? In this video, we dive deep into the nuances of GST Reverse Charge Mechanism (RCM) on freight, shedding light on crucial exemptions and specific liabilities in road transport.

🔍 What’s Covered in This Video:

Key exemptions for freight charges under GST

How RCM applies only in cases involving Goods Transport Agencies (GTAs) who haven't opted for forward charge

A detailed walkthrough of RCM Notification, Exemption Notification, Section 11, and Section 9(3) of the GST Act

Practical examples to clarify when freight charges are exempt vs. when they attract RCM

Whether you're a business owner, tax consultant, or accountant, this video offers essential insights to ensure compliance while optimizing your GST strategy. Watch till the end to understand the intricacies of RCM on freight under GST and avoid unnecessary tax liabilities.

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