we have paid 5 percentage gst on transportation of goods by road to GTA ( Registered ). We are also registered dealer. wheather we can claim ITC ?
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Quick Summary
This discussion clarifies whether businesses can claim Input Tax Credit (ITC) when paying 5% GST on transportation of goods by a Goods Transport Agency (GTA) under the Reverse Charge Mechanism (RCM). The consensus is that ITC is indeed claimable for the recipient when the 5% GST is paid directly to the government under RCM. This applies even if the GTA is registered and the recipient is a registered dealer.