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.
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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.
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