whether gta can charge gst amount from receipent or not sir
if yes, 5 or 12 percent
pls sir explain
Replies (4)
Quick Summary
This discussion clarifies whether a Goods Transport Agency (GTA) can charge GST to the recipient. GTAs have two options: charge 12% GST under the Forward Charge mechanism, claiming Input Tax Credit (ITC), or opt for the Reverse Charge Mechanism (RCM) where the recipient pays 5% GST. The chosen option must be maintained for the entire financial year.