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Can registered GTA charge Gst 5% to Register Dealer on invoice?
Replies (4)
yes he can charge 5% but transporter will not get its itc meaning it will be his expense.
also, he cannot do so in the middle of the year, he has to tell at the beginning of the year that whether he will opt for 12% (with itc) or 5% (without itc).
https://cleartax.in/s/goods-transport-agency-under-gst
if he charge GST then what is meaning of section 9(3) RCM A
| Originally posted by : rajesh | ||
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Can registered GTA charge Gst 5% to Register Dealer on invoice? |  |
No need to Charge GST for GTA in his Invoice if GTA opt 5% category.
Receipient will be pay tax under RCM basis for service received from GTA as per sec 9(3).
As per Notification 11/2017 CT (R)
GTA is providing services to other than those specified category recipients (mention in Notification) In such scenario GST shall be paid by GTA itself on forward charge mechanism @ 5%. GTA is not allowed to take any ITC.
Means if the Recepient is not liable to do RCM in that case , GTA has to charge GST @ 5% on forward charge
GTA is providing services to other than those specified category recipients (mention in Notification) In such scenario GST shall be paid by GTA itself on forward charge mechanism @ 5%. GTA is not allowed to take any ITC.
Means if the Recepient is not liable to do RCM in that case , GTA has to charge GST @ 5% on forward charge
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