for GTA what is the meaning of 5% GST with no ITC.
and
18% with itc.
please explane
Menu
GTA ITC
Replies (4)
no it is 12 % not 18
simply person who is paying tax in reference to service taken form transporter as it is case of rcm can claim input if he pay 12 % and if pay 5% then can't claim input of same tax paid under rcm
means we are charging bill with 5% GST.
we can take credut on purchase of truck tyre?
we can take credut on purchase of truck tyre?
No In 5 % u can't u can claim if u charge 12%
Recent Topic
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
- Return filing for intervening period upto date of
- EPF Withdrawal taxation
- While e filing otp not generating
Related Topics
CAclubindia
