Gst & tds on tranport service availed from gta

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Assistant Accountant
751 Points Posted on 08 May 2019

We have received an invoice from GTA in which he has charged us fright & mentioned as GST payable @ 5% under RACM by service receiver.

means we have to pay tax @ 5%? also we can't take credit of the same?

should i deduct tds on transport?

please advise

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On 08 May 2019 at 15:40 Report
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Article
162 Points Posted on 08 May 2019
You need to pay rcm @ 5% and take credit for the same.
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On 08 May 2019 at 21:18
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Assistant Accountant
751 Points Posted on 08 May 2019
invoice received by GTA on which he has not mentioned out gstin.
also there is 12% rate of gst? towards services availed by GTA?
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On 08 May 2019 at 21:24
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Article
162 Points Posted on 08 May 2019
12% is for forward rate by GTA which is not applicable in this case.

If the GTA is unregistered then 5% RCM to be paid and take credit.
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On 08 May 2019 at 21:40
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Assistant Accountant
751 Points Posted on 08 May 2019
GTA is having gstin
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On 08 May 2019 at 21:42
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Article
162 Points Posted on 08 May 2019
If GTA has opted to pay under RCM then 5% will be applicable.

If opted to pay under forward charge then 12%.

However if the GTA is unreg. then it is mandatorily required to be paid via RCM u/s 9(3) of CGST Act.
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On 08 May 2019 at 22:00


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