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GTA under RCM
I have taken the supply from unregistered GTA . I paid 5% tax to government. Am I eligible for ITC claim ? In case of Registered GTA , What is the tax rate and I will be eligible for itc ? I am a registered person under GST. Experts please suggest me .
Replies (2)
Yes , you can claim ITC on RCM deposited .
As per Notification 13/2017 CT (r) , Recepient (Registerd) is liable to do RCM on availing Services from GTA.
And
As per Notification 22/2017 CT (r) : If GTA charge 12 % GST on FC , recepient can avail ITC on the same (No RCM is to be done)
As per Notification 13/2017 CT (r) , Recepient (Registerd) is liable to do RCM on availing Services from GTA.
And
As per Notification 22/2017 CT (r) : If GTA charge 12 % GST on FC , recepient can avail ITC on the same (No RCM is to be done)
If GTA pays GST TO URD
GTA has 2 options-
12% GST with ITC *
OR
5% GST with no ITC*
REG GTA 12 % ITC Eligible
GTA has 2 options-
12% GST with ITC *
OR
5% GST with no ITC*
REG GTA 12 % ITC Eligible
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