what is the rate of gst in case of GTA service.
if it's to paid under reverse charge?
is it eligible for ITC
Menu
GST RATE ON GTA SERVICE
Replies (3)
5% without ITC and 12% with ITC
Agree with CA Mithilesh. G sir.
GTA charge 5% the Recepient is liable to do RCM ,. RCM has to be done @ 5%
If GTA charged 12% then Recepient can take ITC for the same & no need to do RCM
GTA charge 5% the Recepient is liable to do RCM ,. RCM has to be done @ 5%
If GTA charged 12% then Recepient can take ITC for the same & no need to do RCM
thanks sir
but I need one clarification
if we pay gst 5% on reverse charge basis.
can receipent of service take credit of gst paid on reverse charge @ 5%???
but I need one clarification
if we pay gst 5% on reverse charge basis.
can receipent of service take credit of gst paid on reverse charge @ 5%???
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
