Goods transport service

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17 Points Posted on 12 January 2020
is transporter opt rcm and full tax rate in gst act
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On 12 January 2020 at 13:22 Report
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Quick Summary
This discussion clarifies the Goods Transport Agency (GTA) services under GST. Generally, GTA services fall under the Reverse Charge Mechanism (RCM). However, if a GTA opts to pay GST at 12% on the freight charge, the recipient can claim Input Tax Credit (ITC), and RCM is not applicable.

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Consultant
1891 Points Posted on 12 January 2020

Please elaborate your query

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On 12 January 2020 at 14:14
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GST Practitioner
55067 Points Posted on 12 January 2020
Dear Harsh
GTA services are under RCM , but As per Notification 20/2017 CT (R) , GTA can claim ITC on his inward supply if he charges 12% on FC .

Hence of GTA has opted to pay 12% on FC then Receptient claim ITC & No RCM Attracts
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On 12 January 2020 at 23:39

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