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.
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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
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10 October 2020
Thank you very much
10 October 2020
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12 October 2020
When the ITC is not allowed to avail credit of ITC, question of Refund does not arise at all,
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