Taxability of gta under gst
This query is : Resolved
29 June 2019
Suppose a person is providing 1. GTA services to a registered factory and the factory is paying GST at 12% under RCM
2. and also providing other commission services in which he collects and deposits GST to govt.
Now can the GTA take input tax credit on tyre, spare, new truck purchase etc?
2. and also providing other commission services in which he collects and deposits GST to govt.
Now can the GTA take input tax credit on tyre, spare, new truck purchase etc?
30 June 2019
1 RCM payable under GST is 5% only. 12% GST payable by GTA under forward charge.
2 If GTA pays 12% under forward charge GTA can take input tax credit on tyre, spare, new truck purchase etc
2 If GTA pays 12% under forward charge GTA can take input tax credit on tyre, spare, new truck purchase etc
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01 July 2019
Also, if GTA pays 12%, then there is no liability of RCM for the recipient.
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