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GTA And ITC
we are registered GTA service provider having 20 Truck. we make our sales bill without Changing GST. clients paid GST on our behalf RCM basis. now question is should we take ITC on our expenses like Audit Fees, repair in our own truck. insurance premium. telephone expenses etc office expenses. now office management deside to charge GST @ 12% on our sales Invoice and take ItC. sir it is possible? please answer my question
Replies (2)
Yes , as per Notification no. 22/2017-Central Tax (Rate) dated 22nd August 2017
GTA has given option to pay tax @ 12℅ on his outward supply & liable to take ITC on his inward supply
GTA has given option to pay tax @ 12℅ on his outward supply & liable to take ITC on his inward supply
if there is no output tax you cannot claim ITC except zero rated.
now there is an option GTA can charges GST @ 12% in its invoice then he is eligible to claim ITC on its input
now there is an option GTA can charges GST @ 12% in its invoice then he is eligible to claim ITC on its input
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