Gta rcm payable

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audit staff
1203 Points Posted on 15 December 2020
sir, I pay rcm on gta services, can I pay 5 percent on rcm and take itc or pay 12 percent itc?
rcm 5 percent itc available sir ?
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On 15 December 2020 at 09:01 Report
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Quick Summary
This discussion clarifies the Goods Transport Agency (GTA) Reverse Charge Mechanism (RCM) GST implications. It confirms that if you pay GST at 5% under RCM for GTA services, you can indeed claim the Input Tax Credit (ITC) accordingly. This addresses a common query about the applicable tax rates and ITC availability.

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Consultant
1891 Points Posted on 15 December 2020

Yes if you take GTA services then you can pay GST @ 5% under RCM and take its ITC accordingly . 

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On 15 December 2020 at 10:41
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audit staff
1203 Points Posted on 15 December 2020
Ok thanks sir
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On 15 December 2020 at 10:45

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