Rcm for gta

 

(Querist)
17 July 2017

payment made under RCM by GTA be available to adjust in subsequent month liability?



CA Pradeep Sharma (Expert)
17 July 2017

Liability on GTA service received and pay tax under RCM can be taken as ITC in month in which tax paid. But such ITC cannot used against liability which create in RCM

shyamala (Querist)
17 July 2017

My question is not about " to take ITC on GTA services or not", whether tax paid under RCM on URP supplies by GTA is available ( like remaining Taxable person) in subsequent month to discharge 5% on GTA services or to treat it as just cost.



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