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About ITC credit
a transport company rised invoice for transport charges and uploaded in GSTR1 with paying tax @ 5 under reverse charge. That invoice was shown in GSTR2A. My question is a regular tax payer can use that ITC .?
Replies (4)
Quick Summary
Yes! subject to section 17(5) of CGST Act 2017.
No... ITC not available and pay tax under rcm basis.
Transporter (GTA) can't collect 5% GST in their transportation.
Note :
Mr KUMAR SWAMY MANSA.,
Check out correctly Your GSTR 2A with the option of "REVERSE CHARGE APPLICABLE - YES / NO"
Transporter (GTA) can't collect 5% GST in their transportation.
Note :
Mr KUMAR SWAMY MANSA.,
Check out correctly Your GSTR 2A with the option of "REVERSE CHARGE APPLICABLE - YES / NO"
It is YES
Of it's yes then You must be pay GST Tax under rcm basis...
Transporter not paid GST
Transporter not paid GST
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