Dear Sir,
kindly advise GST ON GOODS TRANSPORT AGENCY UNREGISTERED TRANSPORTER
GST TO BE PAID IS 5% OR 12%
2) for security services gst TO BE PAID IS 18%
CAN I AVAIL RCM PAID AS INPUT TAX CREDIT
Thanks
Dear Sir,
kindly advise GST ON GOODS TRANSPORT AGENCY UNREGISTERED TRANSPORTER
GST TO BE PAID IS 5% OR 12%
2) for security services gst TO BE PAID IS 18%
CAN I AVAIL RCM PAID AS INPUT TAX CREDIT
Thanks
Rate on GTA services depends on whether GTA functions under RCM or forward charge. If RCM then recipient will pay GST @ 5% and claim ITC. If under forward charge GTA will charge GST @ 12% and ITC will be available.
For security rate is 18%
ITC is available subject to compliance of section 16 & 17
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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