Gta rcm and turnover of gta service provider gst
This query is : Open
RUSHI CMA5
(Querist)
21 July 2017
Dear Sir,
As per GST Law provisions GTA service cover under RCM that receiver is liable to pay GST.
But It the transporter turnover is above 20L will he has to take registration or he has no limit of Turnover .
If such service is received by registered person he has to pay GST on RCM basis. What is the GST % for GTA?
Dear Sir,
As per GST Law provisions GTA service cover under RCM that receiver is liable to pay GST.
But It the transporter turnover is above 20L will he has to take registration or he has no limit of Turnover .
If such service is received by registered person he has to pay GST on RCM basis. What is the GST % for GTA?
Arun Kumar Singh
(Expert)
21 July 2017
No need to take registration even if your turnover is more than 20 lakhs.
CA Rashmi Gandhi
(Expert)
22 July 2017
Yes if person receiving services from GTA then you have to pay 5% on RCM, no matter transporter is registered or not.
RUSHI CMA5
(Querist)
23 July 2017
GST paid for GTA 5% inward and outward is GST is available as ITC ?
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