GTA GST @ 5%
DALIP KUMAR (B.Com) (245 Points)
19 June 2019I have make him payment including GST ,
can I take GTA input 5% .
DALIP KUMAR (B.Com) (245 Points)
19 June 2019
Ajay Gupta
(PRACTICING CHARTERED ACCOUNTANT)
(196 Points)
Replied 19 June 2019
Hi Dalip,
The recipient of GTA service is entitled to take Input Tax Credit (ITC) of the amount of GST (2.5%+2.5%), provided it is used in the course or furtherance of business at his end.
Thanks
Ajay
CA Mayank A Jain
(Chartered Accountant in Practice)
(1260 Points)
Replied 19 June 2019
Dear Dalip,
Adding on to Mr. Ajay, you would also be required to pay GST under reverse charge. Further, such tax could also be claimed as ITC provided it is used in the course or furtherance of business.
shailendra shukla
(Bhopal)
(1741 Points)
Replied 19 June 2019
CA Mayank A Jain
(Chartered Accountant in Practice)
(1260 Points)
Replied 19 June 2019
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 19 June 2019
CA Mayank A Jain
(Chartered Accountant in Practice)
(1260 Points)
Replied 19 June 2019
Mohan Bagalkot
(Tax Consultant)
(233 Points)
Replied 20 June 2019
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 20 June 2019
@ MAYANK
KINDLY REFER THE NOTIFICATION 13,20,22 OF CT RATE..
GTA CANNOT CHARGE 5% TO RECEPIENT WHO IS REGISTERED & LIABLE TO DO RCM. SO IN ANY CASE RECEPIENT IS LIABLE TO DO RCM . YES IF GTA IS CHARGING 12% ON FC THEN THE RECEPIENT CAN CLAIM ITC & NO NEED TO DO RCM (in term of noti.22)
CA Mayank A Jain
(Chartered Accountant in Practice)
(1260 Points)
Replied 20 June 2019
Mr Mohan,
Yes. You have to declare in GSTR-1 and GSTR-3B
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 20 June 2019
DEAR MOHAN
IF SUPPLIER OF TRANSPORTATION OF SERVICES IS NOT GTA THEN ITS EXEMPTED AS PER NOTIFICATION 12/2018 CT (R) ---- DECLARE IT IN TABLE 8 OF GSTR 1 & IN TABLE 3.1 (C) OF 3B
IF SUPPLIER IS GTA, THEN REPORT IT UNDER TABLE 4 (B2B) OF GSTR 1 & IN 3B UNDER TABLE 3.1(C)
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