we have received transport bills from transporters in one gst 5% and one more bill gst @ 12%
which one is aligible to take input
pls clarify
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GTA 5% or 12%
Replies (3)
From recipient point of view, he can take ITC in both the cases.
5% will fall under reverse charge and 12% will fall under forward charge.
yes as Deepak sir it's correct. ITC can be taken in both cases
If the input service is used for business purpose then you can take credit of both 5% and 12%.
5% is under RCM method and 12% under forward charge basis.
5% is under RCM method and 12% under forward charge basis.
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