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GTA GST RATE

Rate / HSN codes 305 views 7 replies
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264 Points Posted on 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 ?
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On 24 September 2017 at 11:58 Report
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139 Points Posted on 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
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On 24 September 2017 at 13:44
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264 Points Posted on 24 September 2017
that means he has to charged gst on invoice on both condition
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On 24 September 2017 at 16:09
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139 Points Posted on 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
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On 24 September 2017 at 16:15
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264 Points Posted on 24 September 2017
but if gta reg. with 5% and invoicing to reg. delear without charging gst so who is liable to pay gst ?
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On 24 September 2017 at 16:19
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264 Points Posted on 24 September 2017
cont. reading
gta paid gst or reg. delear paid gst?
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On 24 September 2017 at 16:21
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"Do the Right Thing...!!!"
128147 Points Posted on 24 September 2017

Very good Explanation Mr. Vijay Patil...

I appreciate your reply as Exactly...

 

GOOD LUCK DEAR

463 Reply
On 24 September 2017 at 20:50
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139 Points Posted on 24 September 2017
Thanks Bro
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On 24 September 2017 at 22:38


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