for GTA what is the meaning of 5% GST with no ITC.
and
18% with itc.
please explane
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%
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