One of our clients is a GTA registered under GST. As per the GTA taxation norms, GST need not be collected from GST registered parties and 6 others for consignment & should be levied on reverse charge basis. Now, is this rule applicable for unregistered GTA or also for registered GTA?. Because, since the GTA is registered, the contract is clearly between two registered parties. i.e. the consignor and the GTA. Now, how come reverse charge comes in place here? Kindly clarify my doubt on this issue.
Menu
Gst for gta
Replies (3)
If GTA charge the GST then not need to pay against under RCM, if he does not charge then need to pay under RCM
Thank u for ur reply Sir. But, can u kindly elaborate on this? Since our client GTA is a registered concern, is it compulsory for him to charge GST ? or is it optional? Does he have to charge GST only on paid bills? or is it applicable for to pay bills too?
Not mandatory. It is optional. He has to charge GST only if Service Receiver is not specified person.
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
