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input credit on GTA gst to manufacturers
Manufacturers paid 50000 gst under reverse charge mechanism as recipient of GTA services..Can manufacturers take input credit of said amount ??
Replies (5)
yes it can take credit of this reverse chg taxes by adjusting it in output taxes
In reverse charge, GST on GTA services 5℅ with no ITC, then how manufacturer will get ITC ?
Can you please clarify the above doubt that will help to us and other manufacturers? Please
as per section 17(5) you can take itc
GTA 5% with no ITC - this is for GTA only not for manufacturers
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