GTA Service

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audit
105 Points Posted on 31 January 2020
GTA provide service to gta what is the tax rate and who will pay the tax
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On 31 January 2020 at 17:32 Report
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This discussion clarifies the tax rates and payment responsibilities for Goods Transport Agency (GTA) services. The applicable tax depends on whether the service is considered a 'hire' and if the reverse charge mechanism applies. If reverse charge is in effect, a 5% GST rate applies, with the recipient responsible for payment and unable to claim Input Tax Credit (ITC). Otherwise, standard rates of 12% or 5% may apply.

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Studwnt
1141 Points Posted on 31 January 2020
Depends on the circumstances like what GTA follows reverse charge or forward charge
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On 31 January 2020 at 18:14
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audit
105 Points Posted on 31 January 2020
If reverse charge what is the effect
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On 31 January 2020 at 18:36
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CA Student
15932 Points Posted on 31 January 2020

Services by way of giving on hire to a GTA, a means of transportation of goods are exempt from GST under N.N. 12/2017-Central Tax (Rate), dated 28th June 2017.

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On 31 January 2020 at 18:49
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audit
105 Points Posted on 31 January 2020
If the service is not hire it is normal service
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On 31 January 2020 at 19:13
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Studwnt
1141 Points Posted on 31 January 2020
Two rate applies 12% or 5%.

if reverse charge then 5% rate applies and ITC cannot be claimed. receiver pays tax in case if reverse charge.
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On 31 January 2020 at 21:17
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audit
105 Points Posted on 31 January 2020
If both pat are gta
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On 31 January 2020 at 23:43

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