Gta servive tax
MURARI PRASAD SAHU (STUDENT) (40 Points)
16 June 2017MURARI PRASAD SAHU (STUDENT) (40 Points)
16 June 2017
Prity Agarwal
(CHARTERED ACCOUNTANT)
(363 Points)
Replied 16 June 2017
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.
CS Nisha Nishit
(Practicing Company Secretary)
(326 Points)
Replied 16 June 2017
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.