Is gta opted 5% GST without ITC means composition dealer and 12% with ITC means Regular dealer ?
pls reply is thia right ?
Menu
GTA GST RATE
Replies (7)
1 GTA can not opt for composition it is always under Regular Scheme
2. GTA has been provided two option
Option I
GST @ 5% - without ITC
Option II
GST @ 12% - With ITC
2. GTA has been provided two option
Option I
GST @ 5% - without ITC
Option II
GST @ 12% - With ITC
that means he has to charged gst on invoice on both condition
In case supply to Registered Person he need not charge GST in Invoice since in this case Registered Person in liable to pay GST under reverse charge.
however when he supply to Unregistered person he has to opt whether he want to pay GST @ 5% without taking ITC or pay GST @ 12% with ITC
however when he supply to Unregistered person he has to opt whether he want to pay GST @ 5% without taking ITC or pay GST @ 12% with ITC
but if gta reg. with 5% and invoicing to reg. delear without charging gst so who is liable to pay gst ?
cont. reading
gta paid gst or reg. delear paid gst?
gta paid gst or reg. delear paid gst?
Very good Explanation Mr. Vijay Patil...
I appreciate your reply as Exactly...
GOOD LUCK DEAR
Thanks Bro
Recent Topic
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
- Professional advance taxes
- Surrender pan process
Related Topics
CAclubindia
