Under GST regime, on GTA Service tax rate is 5% and no ITC allowed word mention. Please guide on GTA service recived by me and i will calculate tax under the rcm provision and will pay to the Govt. What will be happen, whether I will get the credit of this or not.
as per many gst experts CA you can avail ITC on rcm paid and no need to pay if one day gta service paid below 5000 and 5% no ITC word mention in case any registered gta provider charge GST on his invoice then u can not avail credit of this tax and no need to pay rcm also.
Leave a Reply
Your are not logged in . Please login to post replies
CAclubindia
