Gst in gta

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accounts executive
230 Points Posted on 31 May 2018

Hi, We are transport company having our own trucks. Can we take input credit on purchase of spare parts for our vehicles whereas we are not claiming GST from our client as they paid GST under reverse charge mechanism, but for loading & unloading we claiming GST.

Pls suggest whether input credit can be taken for the purchase of spare parts.

Thanks in advance.

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On 31 May 2018 at 13:11 Report
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Accountant
314 Points Posted on 31 May 2018
No ITC will be available if GST paid by client under reverse charge @ 5%
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On 31 May 2018 at 13:30
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accounts executive
230 Points Posted on 31 May 2018

Thank you..

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On 31 May 2018 at 14:08
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11239 Points Posted on 31 May 2018
No....
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On 31 May 2018 at 14:13
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GST Practitioner
29904 Points Posted on 31 May 2018
GTA can claim ITC on his inward supply only if forward charge 12% (As per notification 20/2017 CT (r)

So if you want to avail any ITC on spare (inward supply) you have charge 12% GST on your outward supply
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On 31 May 2018 at 15:14
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11239 Points Posted on 31 May 2018
Agree with pankaj sir.
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On 31 May 2018 at 15:23
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Accountant
314 Points Posted on 31 May 2018
thank you pankaj sir for complete information...
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On 31 May 2018 at 15:28
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accounts executive
230 Points Posted on 31 May 2018

Thank you...

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On 31 May 2018 at 17:01
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GST Practitioner
29904 Points Posted on 31 May 2018
You R welcome
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On 31 May 2018 at 23:28

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