ITC refund in case of Transporter
This query is : Resolved
10 October 2020
Dear Sir,
Transporter is registered under GTA @5% GST payable by Service Recipient.
Transporter can not claim the ITC on purchase of Tyre & thier parts.
Can the Transporter be eligible to take the refund against ITC purchase on it.
Kindly guide us and oblige.
Thanks & Regards,
Prem Chandra Thakur
Transporter is registered under GTA @5% GST payable by Service Recipient.
Transporter can not claim the ITC on purchase of Tyre & thier parts.
Can the Transporter be eligible to take the refund against ITC purchase on it.
Kindly guide us and oblige.
Thanks & Regards,
Prem Chandra Thakur
10 October 2020
No , GTA in such a case is not eligible for any ITC or input tax refund.
Message likes :
1 times
10 October 2020
ITC input is blocked under sec 17(2) CGST ACT 2017
but in case of refund kindly refer the proper section.
Thanks
but in case of refund kindly refer the proper section.
Thanks
10 October 2020
Refund is of ITC , so if no ITC no refund.
Refund of input tax is allowed only for deemed exports or Non-resident taxable persons.See section 54
Refund of input tax is allowed only for deemed exports or Non-resident taxable persons.See section 54
Message likes :
1 times
10 October 2020
Thank you very much
10 October 2020
If you are satisfied with the reply , press like
Message likes :
1 times
12 October 2020
When the ITC is not allowed to avail credit of ITC, question of Refund does not arise at all,
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Capital gain from sale of house property
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- 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
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
