ITC availability on Reverse charge
Can customs clearing agent avail input tax credit of Reverse charge paid by him on GTA service Received? and he is also issue GTA service bills to his clients !!
Replies (6)
Quick Summary
How is the custom agent issuing GTA bills. If he is a GTA and under forward charge then only he will be able to claim ITC.
Custom Agent must be paying to GTA on behalf of client & must be reimbursing the same by client.
So the Custom Ageny is paying to GTA then he is liable to do RCM (Kindly chk the bilty being raised by GTA) & while raising bill for reimbursement from client the custom Agent is required to change GST @ 18% .
The client is not required to do RCM .
So the Custom Ageny is paying to GTA then he is liable to do RCM (Kindly chk the bilty being raised by GTA) & while raising bill for reimbursement from client the custom Agent is required to change GST @ 18% .
The client is not required to do RCM .
No it's not possible
Custom clearing agent also a GTA service provider too
in that condition yes RCM is applicable
Yes, can he take itc on RCM paid by him.
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