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GOODS TRANSPORT AGENCY

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19 Points Posted on 05 September 2019
can GTA opt to pay tax @ 5% under NORMAL CHARGE?!
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On 05 September 2019 at 14:42 Report
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Executive
16 Points Posted on 05 September 2019
under the Forward charge mechanism gst option to pay transporters only @ 12%

if not paid by service provider ,receipt has to pay GST under RCM method @ 5%
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On 05 September 2019 at 16:40
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GST Practitioner
55067 Points Posted on 05 September 2019
In terms of Notification 22/2017 GTA has option to pay 12% on FC (With ITC ) , but same to be opt in the beginning of FY.

Else the GTA is liable to pay @ 5% only when Recepient is not liable to do RCM .

For More clarification Refer Notification 13, 12, 22, 32/2017 all are CT (R)
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On 05 September 2019 at 21:27
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employee
814 Points Posted on 07 September 2019
yes. However by opting 5% under normal/forward charge GTA will not be entitled to avail ITC.
3 Reply
On 07 September 2019 at 02:27


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