hie,
Under GTA is it compulsory the registered serivce recipient has to pay gst @ 5% . can the service recipient pay gst @ 12% and avail itc.can in any case the transporter pay gst if yes then at what rate.
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Gta tax rate under gst
Replies (2)
Yes recepient can deposit @ 12% & can claim ITC for the same .
Goods Transport Agent has following Three Options or we may say three situations :
1. Providing Services to Specified Category Recipient – Applicability of Reverse Charge as per Notification No. 13/2017- Central Tax (Rate) Dt : 28.06.2017
2. Services to other than Specified Category Recipient – Forward Charge @ 5% without ITC – Rate of GST as per Notification No. 11/2017-Central Tax (Rate) Dt : 28th June, 2017
3. Forward Charging with ITC Availment – Forward Charge @ 12% availing ITC – Notification No. 20/2017 – Central Tax (Rate) dated 22ndAugust, 2017
Goods Transport Agent has following Three Options or we may say three situations :
1. Providing Services to Specified Category Recipient – Applicability of Reverse Charge as per Notification No. 13/2017- Central Tax (Rate) Dt : 28.06.2017
2. Services to other than Specified Category Recipient – Forward Charge @ 5% without ITC – Rate of GST as per Notification No. 11/2017-Central Tax (Rate) Dt : 28th June, 2017
3. Forward Charging with ITC Availment – Forward Charge @ 12% availing ITC – Notification No. 20/2017 – Central Tax (Rate) dated 22ndAugust, 2017
thanks buddy for all ur efforts
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