Gst-gta service itc credit

ITC / Input 304 views 1 replies

Ravindra J Kshirsagar

Student

3 Points Joined August 2010

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.

Replies (1)

Momin Ali

156 Points Joined July 2017

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.