Our is a company receiving services from GTAs on transportation of goods by road.We have paid GST on reverse charge @ 5 %.
Whether we can claim ITC on the gst paid by us under RCM @ 5 %?
Whether we have to obtain a representation letter from the GTA stating that they have not claimed ITC on the inward supplies received by them which are used for the supply of these transportation of goods?
If you paid GST @ 12% then you can eligible for input Credit
If you paid GST @ 5% you are not eligible for input credit.
CA SUDARSHAN SARDA
IF GTA IS CHARGING 5% GST THE RECEIPIENT CANNOT CLAIM ITC, INFACT RECEPIENT IS LIABLE TO DO RCM & AFTER DEPOSITING RCM IN CASH CAN CLAIM ITC FOR THE SAME (AS PER NOTIFICATION 11/2017 CT RATE : 5% PROVIDED ITC IS NOT AVAILABLE)
&
IF GTA IS CHARGING 12% GST AS PER NOTIFICATION 20 & 21/2017 CT (R), THE RECEPIENT CAN AVAIL ITC
MAHODAY PANKAJJI RAWAT,
PEHLE AAP ELDHOSE MV LA QUESTION PADHIYE, JO FIRST QUESTION YAHA PUCHA GAYA HAI, FIR AAP MERA ANSWER PADHIYE.
OR 2 MINUTE US PAR GAHAN CHINTAN KIJIYE.
FIR AAP KO SATYA SAMAZ ME AYEGA OR YE BHI DHYAN ME AYEGA KI BAKI KI BATE KEWAL GOLMAAL KAR RAHI HAI OR QUERIEST KO CONFUSE KAR RAHI HAI.
GIVE SPECIFIC ANSWER TO THE QUESTION
CA SUDHARSHAN JI
AAP MERA 1ST REPLY DEKHYEY PLZ MAINE "YES YOU CAN CALIM ITC ON THE RCM DEPOSITED" AND AAP NEY BAKI SAB KEY SAATH MERA BE REPLY NAHI DEKHA
MANNIYA PANKAJJI, APNE MERA FIRST REPLY DHYAN SE NAHI PADHA.
MAINE USME LIKHA HU KI YAHA KUCH LOG BILKUL SAHI KEH RAHE HAI, PARANTU BAKI LOG CONFUSE KAR RAHE HAI.
OK SIR CHILLED & ENJOY
CAclubindia
