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Gta service

niloy sanyal (account manager) (777 Points)

23 July 2018

Please clear the following question. Note that we are register dealer in GST

1) If TRANSPORTER ( UNDER GTA) Register Dealer in GST Act issue invoice value Rs. 7500.00 (Excluding GST) and mention in invoice that GST Payable by Party

after RECEIVED INVOICE from our side we will issue Payment Voucher & RCM Invoice Both or only issue RCM Invoice and what is the Tax Rate, SAC Code against this & also can we take Input tax credit against this.

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4 Replies

Sejal Jain (10 Points)
Replied 23 July 2018

If recipient is registered then GTA have 2 options :
Forward charge at the rate 12% and ITC available to both. OR
Reverse charge at the rate 5% and ITC available only to recipient
Recipient should issur payment voucher too
SAC code 996791

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Shivam RC (Student) (23683 Points)
Replied 23 July 2018

Agree with the above comment by Sejal Sir..

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R. B. Yadav (CMA, LLB) (Tax Consultant) (590 Points)
Replied 23 July 2018

Hi,

Yes, agreed with Sejal Jain, Registered Transporter can make the payment of GST under forward charge @ 12% with ITC on their input or @ 5% without ITC subject to other condition as well.

Transporter have the otpion to shift this liability on consignee or consignor as well under reverse charge mechanism. Under reverse charge mechanism, receiver is liability to make the payment of GST @ 5% and receiver can take the credit of GST paid under reverse charge.

RCM Invoice:- Provision of Self invoice to make the payment of GST under reverse charge is applicable only if service provider is unregistered. In your case as transporter is registered under GST, receiver is not liable to issue the self invoice/RCM invoice. Payment voucher is sufficient.

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