Regarding GTA itc
This query is : Resolved
20 August 2020
GTA registered in MP (RCM applicable)
input tax credit shown in GSTR 2A
1. while filing 3B we need to first claim then reverse the itc or,
2. just file nil return and ignore the itc shown in GSTR 2A.
input tax credit shown in GSTR 2A
1. while filing 3B we need to first claim then reverse the itc or,
2. just file nil return and ignore the itc shown in GSTR 2A.
20 August 2020
If the GTA charges 12% IGST or 6% CGST & SGST each, then RCM is not applicable. GTA may have charged 5% IGST or 2.5% CGST & SGST each, in that case, RCM is applicable, you can take ITC as available in GSTR 2A and also you need to pay RCM.
20 August 2020
File GSTR3B and ignore the values appearing in GSTR2A as you are not eligible for ITC being your output supply is covered under RCM.
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