Itc on gta 5%
This query is : Open
02 August 2017
Dear Sir/ Madam
Please Advice....
We are manufacturer of Steel Products & registered under company act, on Purchase of Raw material we have to pay freight as GTA Service , As per RCM we have to pay 5 % gst over this amount, Can we take ITC of it?
We attended meeting organised by GST department ask this question Than he replied manufacturer can utilize this ITC, rule of non utilization 5% ITC is applicable to Transport agency not for manufacturer but have not given any circular/ notification
Please suggest we can utilize ITC or not?
Please Advice....
We are manufacturer of Steel Products & registered under company act, on Purchase of Raw material we have to pay freight as GTA Service , As per RCM we have to pay 5 % gst over this amount, Can we take ITC of it?
We attended meeting organised by GST department ask this question Than he replied manufacturer can utilize this ITC, rule of non utilization 5% ITC is applicable to Transport agency not for manufacturer but have not given any circular/ notification
Please suggest we can utilize ITC or not?
02 August 2017
Yes you can utilise such itc.
02 August 2017
Yes you can utilize the credits of GST paid on GTA services
02 August 2017
There is no notification specifically for the same... 5% no itc rule is for transporters...
03 August 2017
Thanks to All , I have one more question that My business place is in uttar pradesh & if I purchase raw material from any other state (like jharkhand , bihar) than which tax I have to pay on GTA service IGST or SGST & CGST?
03 August 2017
Thanks to All , I have one more question that My business place is in uttar pradesh & if I purchase raw material from any other state (like jharkhand , bihar) than which tax I have to pay on GTA service IGST or SGST & CGST?
03 August 2017
It will depend upon the location of the transporter.
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
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Putting a heading on received mail
- Section 50-fixed asset-->building ceases to exist
- TDS on TRUST
- Regarding Applicability of Tax Audit u/s 44AB
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
