we are GTA
we are charging bill with 5% GST.
can we take credut on purchase of truck tyre18 % ?
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ITC for GTA
Replies (6)
no you can not claim itc
yes,you take
payment of gst on input can be taken as credit to off set output liability if it is for furtherance of business...
sir 5% gst on GTA is without itc and under reverse charge. so you cant calim any itc what so ever. but if you are opting forward charge @ 12% on GTA then you can claim itc on purbcahse of truck.
absolutely right Manas Das ji
Absolutely correct..you cannot take itc while charging 5
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