Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

Easy Office

LCI Learning

GTA GST RATE

Baldev Prajapati (264 Points)

24 September 2017

Is gta opted 5% GST without ITC means composition dealer and 12% with ITC means Regular dealer ?

pls reply is thia right ?

Reply
Follow
Share

7 Replies

Vijay Patil (139 Points)
Replied 24 September 2017

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

Baldev Prajapati (264 Points)
Replied 24 September 2017

that means he has to charged gst on invoice on both condition

Vijay Patil (139 Points)
Replied 24 September 2017

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

2 Like

Baldev Prajapati (264 Points)
Replied 24 September 2017

but if gta reg. with 5% and invoicing to reg. delear without charging gst so who is liable to pay gst ?

Baldev Prajapati (264 Points)
Replied 24 September 2017

cont. reading
gta paid gst or reg. delear paid gst?

RAJA P M ("Do the Right Thing...!!!") (127463 Points)
Replied 24 September 2017

Very good Explanation Mr. Vijay Patil...

I appreciate your reply as Exactly...

GOOD LUCK DEAR

Vijay Patil (139 Points)
Replied 24 September 2017

Thanks Bro

Join CCI Pro

Recent Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

Trending Online Classes

Certification Course on Practical Filing of Income Tax Returns

Pratibha Goyal

Enroll Now

17 May 2024
5th Live Batch for Basic and Advanced MS Excel

CA Vishal Zawar

Enroll Now

20 May 2024
Live Course on Drafting of appeal and reply of penalty notice, Rectification and stay of demand (with recording)

CA Sachin Sinha

Enroll Now

25 May 2024

view all classess

CCI Pro

Subscribe to the latest topics :

Search Forum:

Forum Home

Popular Threads

Recent Posts

Unreplied Threads

Settings