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Goods transport service
is transporter opt rcm and full tax rate in gst act
Replies (2)
Please elaborate your query
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
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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