Rcm on gta
This query is : Resolved
19 June 2018
Registered GTA is charging GST @ 5% to registered dealer on Transportation Charges. Will the registered person be liable to pay Tax under RCM?
Further, Can registered dealer take Input credit of GST charged by registered GTA?
Further, Can registered dealer take Input credit of GST charged by registered GTA?
20 June 2018
Not liable to pay GST under RCM. Yes ITC can be claimed on it
20 June 2018
But as per Notification No. 13/2017 Central tax read with Notification No. 22/2017 Central Tax, RCM provision shall not be attracted if GTA opts to pay central Tax @ 6%
21 June 2018
Yes that is right. If GTA choose to pay 5% GST no need again to pay GST under RCM.
Message likes :
1 times
21 June 2018
Thank you sir for your reply. But still confusion is there. In notification no. 22/2017 government has mentioned central Tax @ 6% but they haven't mentioned 5% tax in it. As far as I know GTA has three option to discharge liability.
Option I: Tax paid by service recipient under RCM
Option II: Pay tax @ 5% with no ITC RCM??? They haven't mentioned this tax rate in notification no. 22.
Option III: Pay Tax @ 12% with ITC. RCM not applicable as per notification no. 22/2017
Please clear this confusion .
Option I: Tax paid by service recipient under RCM
Option II: Pay tax @ 5% with no ITC RCM??? They haven't mentioned this tax rate in notification no. 22.
Option III: Pay Tax @ 12% with ITC. RCM not applicable as per notification no. 22/2017
Please clear this confusion .
22 June 2018
If option II is chosen by GTA ITC can't be claimed by GTA but ITC can be claimed by service receiver. As GST already paid by GTA no need of again under RCM.
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
- House Property Reporting in ITR
- TDS Claim year
- Relief u/s Section 89
- Rent lease agreement
- TDS Challan Code
- Lease agreement and tax on sale
- SALE BILL AGAINST GOODS RETURN
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Merchant Export Accounting
- Supply through E-commerce Operators
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
