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Gta servive tax
Under existing law GTA service on carriage inward and outward is paid by recipient under reverse charge and abatement @ 70% is available and take credit service tax paid on 30% on carriage inward and not on outward. What will the treatment under GST law for the above matter
Replies (2)
If the taxable turnover of the GTA exceeds Rs.20 lacs then it has to apply for registration under GST.
There is no abatement of taxes under GST and reverse charge shall not apply in this case.
GST council has approved on 19.05.2017, GTA services under RCM but it will be subject to further vetting during which it may undergo some changes. w.r.t abatement no information has been published as such.
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