I work in a proprietorship concern engaged in providing transport service. But our company don't own any vehicle. We hire transporter from the market and they raise invoices in our name and we raise our invoices to our clients after adding some profit. We are registered in GST regime as a GTA. While providing our invoices to our client, we clearly mention that GST should be paid by client under RCM @ 5%.
My query is that whether the invoices received from transporter in the name of our company, we should pay GST under RCM @ 5% or not. IF yes then the amount paid in RCM by us is eligible for Input or not.
We also provide Clearing & Forwarding services which are subject to tax @ 18%. Can we use the above input to set off the GST liability against Clearing & Forwarding Services.
CAclubindia
