Menu
itc credit to GTA
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
Replies (5)
yes you have to pay gst under rcm without itc
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
you can claim as itc what you have paid indrr rcm
any section or notification from the act ??
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
Recent Topics :
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
- Claiming business re-imbursements while filing GST
- E-waybill 14 Digit Numbring
Related Topics :
CAclubindia
