can we get input tax credit of GST paid on freight paid to good transport agency (GTA) under reverse charge mechanism?
what are the provisions of GST for service provided by GTA for transportation of goods for the purpose of BtoB commerce?
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input credit for the GST paid on freight under reverse charge mechanism
Replies (19)
yes u can get credit of the same against your output liablities
sir in a gst rate list dated 19th june issued by gst council the service provided by a GTA is under the slab rate of 5% under reverse charge mechanism with NO ITC
please provide a new list if available with you.
No ITC mentioned for the service provider, if they charge GST they are not allowed to take ITC. This is not applicable for RCM
What is rate for GST on Fright under RCM if we want ITC 5% or our main supply rate?
can you Provide Notifivation..
can you Provide Notification..
5% with no itc in that where unregistered dealer take services of gta then gta has to collect and pay tax to govt. In that case no itc avail by gta of that payment in our views.
my q. is
if we pay gst on freight under rcm @ 5% in cash
what is the procedure to claim itc of that payment
If you paid Rs 500 as GST on RCM in July, the same will be adjusted in your August Liability.
Sir,
Is there any provision for that. Please mention the section or rule number
Can we claim the Reverse Charge or Can we adjust the Paid Tax Amount at next month against the GST paid by the GTA Service Receiver for the GTA bills @ 5% Rate. I came to knowledge that the GST @ 5% not taken to Reverse Credit. What is the exact provision for GTA GST @ 5% and 12%.
Sir, I read every provision of rcm on GST provision( notification no 11) list there is clearly mentioned no itc claim on gta services by road, but I didn't find for itc claim by recipient of supply. Where you found such provision, please provide the link or article
SIR,
WE HAD PURCHASED AN ASSET FROM A PARTY WHO IS PAYING GST ON REGULARLY BASIS.
BUT HE BIILLED TO US INCLUDING FRIEGHT WITH GST . SO CAN WE TAKE THE INPUT THE GST ON FRIEGHT.
PLZ REPLY.
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