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ITC Eligibility on GTA

ITC / Input 444 views 1 replies
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44 Points Posted on 29 November 2024

Hello Sir/Madam

If a company takes GTA services towards Carriage outwards/Carriage Inwards, If 5 % GST rate is applicable on RCM basis

Will it possible to get ITC on this expense

Please advise

Thanks

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On 29 November 2024 at 16:38 Report
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187 Points Posted on 29 November 2024
The recipient is eligible avail Input Tax credit on the Tax amount that is paid under reverse charge on goods and services. The only condition is that the goods and services are used or will be used for business or furtherance of business.
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On 29 November 2024 at 18:49


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