banner_ad

ITC for GTA

ITC / Input 438 views 6 replies
User Avatar

76 Points Posted on 06 January 2018
we are GTA

we are charging bill with 5% GST.

can we take credut on purchase of truck tyre18 % ?
Reply Share Follow
On 06 January 2018 at 23:15 Report
Replies (6)
User Avatar

CA
330 Points Posted on 06 January 2018
no you can not claim itc
Reply
On 06 January 2018 at 23:49
User Avatar

10 Points Posted on 07 January 2018
yes,you take
Reply
On 07 January 2018 at 00:36
User Avatar

Student CA IPC / IPCC
34 Points Posted on 07 January 2018
payment of gst on input can be taken as credit to off set output liability if it is for furtherance of business...
Reply
On 07 January 2018 at 01:12
User Avatar

1431 Points Posted on 07 January 2018
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.
1 Reply
On 07 January 2018 at 06:47
User Avatar

Kankroli
22 Points Posted on 07 January 2018
absolutely right Manas Das ji
Reply
On 07 January 2018 at 08:49
User Avatar

CHARTERED ACCOUNTANT
43 Points Posted on 07 January 2018
Absolutely correct..you cannot take itc while charging 5
Reply
On 07 January 2018 at 22:36


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details