Reverse charge mechanism gta
Querist : Anonymous
Please Guide me on following,
under GTA mechanism If a company pays freight than company is liable to pay service tax under RCM. Now if company recovers the amount inclusive of service tax from client without showing service tax separately, than
1.Can still company claim the credit
2.Is it viable that company must show service tax separately so that client can claim same for credit.
Querist : Anonymous
Thank you very much for your prompt response but can you please elaborate the same.
Thanking you in advance.
and buyer can take credit on service tax after the payment .
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