FCM Opted by GTA
This query is : Resolved
01 July 2023
Sir,
As per the new amendment in GST, a GTA would be eligible to opt for forwards charge mechanism by paying tax @ 5% (without claiming ITC by GTA in respect of services used for providing such supply). Whether this payment of Taxes @ 5% by GTA was eligible as input for the recipient?
As per the new amendment in GST, a GTA would be eligible to opt for forwards charge mechanism by paying tax @ 5% (without claiming ITC by GTA in respect of services used for providing such supply). Whether this payment of Taxes @ 5% by GTA was eligible as input for the recipient?
01 July 2023
Yes, it's eligible ITC for recipient.
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