Payment of gta, tax rate and eligible for itc
This query is : Open
Manchi Sarapu Sridhar
(Querist)
20 September 2017
The payment of GTA of the Pvt.Ltd. Company (receiver) tax rate under RCM. The paid amount is eligible for ITC for Pvt.Ltd., company. If eligible for ITC tax rate, if with no ITC tax rate.
Please clarify.
Please clarify.
Manchi Sarapu Sridhar
(Querist)
20 September 2017
The rate of GTA tax rate and the paid amount is eligible for ITC or without ITC
Manchi Sarapu Sridhar
(Querist)
20 September 2017
My doubt the rate of tax @12% or @5%. And the same eligible for ITC
20 September 2017
Registered GTA to registered Firm pay Tax under RCM basis & 5% and take as ITC....
Manchi Sarapu Sridhar
(Querist)
20 September 2017
Thank you sir
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