Gst(c.g, gta)

208 views 3 replies

niloy sanyal

account manager

777 Points Joined February 2011

(First Note That we are Register Dealer in GST Act ) - In Month of August We have Purchase a Machine form Register Dealer for Rs. 20,46,120.00 (Including IGST 18%- IGST Come for Rs. 3,08,125.00) (Not Including any Transporatation Charge) and Transporter (come under GTA) Submit his Invoice to us for Rs. 85120.00 (NA Tax Charge)

Now My Question Is

1) Can we Full Utlised IGST Tax for Rs. 308125.00 (because Machine is a CAPITAL GOOD ITEM ) This Year or SO MANY YEAR............. Explain with details

2) We are Buyers so we know that under GST act RCM applicable for GTA Service Value , Please explain Which tax rate applicable for GTA in RCM Purpose & Can we taken RCM Tax for Input Tax Credit in the month of August2017

3) TDS is applicable, if Yes then What rate come

Replies (3)

NITIN KOTAK

SERVICE

1465 Points Joined November 2008

1 question, You called avail whole ITC on capital goods, no separation in GST. 2 Question - GTA @ 5 % of transportation value, but take care of define place of service and ACCORDINGLY determined Fall under SGST and CGST or IGST, for example you are register in GUJARAT than place of supply is GUJARAT, and service provider means transporter at Maharashtra than you liabilities fall under IGST. if transporter from GUJARAT than SGST and CGST. 3- You can claim ITC Under RCM in August return. Please watch this video
https://youtu.be/LjGVrBBKwT8

niloy sanyal

account manager

777 Points Joined February 2011

Thanks NITIN sir, please note that Our Transporter in MAHARASTRA STATE & Our Company (Where Machine Come) situated in WEST BENAGL State , So Under GTA RCM tax rate @ 5% charge on IGST or ........................ , Please clear.

NITIN KOTAK

SERVICE

1465 Points Joined November 2008

In GTA Place of supply is service receiver is register in such state is place of supply, so your place of supply is west Bengal, and service provider from maharashtra, in this case it is interstate transaction and attract IGST. if service receiver not register than place of supply is where material handed over.