GST on GTA under forward charges
Can a GTA pay gst @ 5% under forward charge without availing input tax credit
Replies (1)
If the GTA opts to pay tax @ 12% under forward charge, such GTA shall be liable to pay tax. The recipient of GTA services shall be eligible to take ITC of GST paid whether 5% or 12% by him.
Recent Topics :
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
Related Topics :
CAclubindia
