Eligibility of taking gst credit in the transport bill
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 August 2018
If transport service provider is charging 5% GST , whether service recipient is eligible to take GST credit based on the invoice of the service provider.
We are clear that if transport service provider is not charged GST in his bill , then service recipient is to pay GST under reverse charge mechanism and eligible to take GST credit. We feel that if service provider paid GST @ 5% under forward charge , the service recipient can take GST Credit. we also feel that if service provider charge GST @ 5%, he is not eligible to take Input tax credit .
We request experts to clarify our doubts at the earliest.
We are clear that if transport service provider is not charged GST in his bill , then service recipient is to pay GST under reverse charge mechanism and eligible to take GST credit. We feel that if service provider paid GST @ 5% under forward charge , the service recipient can take GST Credit. we also feel that if service provider charge GST @ 5%, he is not eligible to take Input tax credit .
We request experts to clarify our doubts at the earliest.
27 August 2018
Yes, the recipient is eligible for Input Tax Credit.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- Copyright software
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- Form 121 & TDS deduction
- ITR U for F.Y-2024-2025 From Yesterday
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
