itc credit to GTA

ITC / Input 261 views 5 replies
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27 Points Joined July 2017
I'm into transport business a GTA. I hire trucks from market & send the material as per the delivery schedule . I Bill to my client whose material I delivered. the client pay the tax under RCM. the truck supplier Bill to me for the truck I took on hire from him . truck owners are registered as well as unregistered. my query is wether I need to pay their tax under RCM or not ? further wether any ITC is available to me on such payments. Please clarify . Thanks
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On 10 July 2017 at 17:30 Report
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47 Points Joined May 2017
yes you have to pay gst under rcm without itc
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On 10 July 2017 at 17:38
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27 Points Joined July 2017
so in both the cases I have to bear the tax liability . first as a service provider my liability will be paid by service receiver . secondly as a service receiver I have to pay liability of another service provider .. ultimately my loss will be 10% without any ITC available...Please clarify. Thanks
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On 10 July 2017 at 17:54
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47 Points Joined May 2017
you can claim as itc what you have paid indrr rcm
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On 10 July 2017 at 18:01
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27 Points Joined July 2017
any section or notification from the act ??
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On 10 July 2017 at 18:48
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40 Points Joined September 2012
A company is taking services from one transporter , whose office is situated in another state . Company is paying freight and liable under RCM . What should be the head , whether IGST or CGST/SGST. Please give your opinion
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On 14 July 2017 at 13:35


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