we are transport service provider
.we issur invoice of RCM.
.we issue tax invoice @ 5% on outward supply
Q 1. can we issue both type of invoice.
Q2 can we get credit of purchade on raw material of tyre etc.
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ITC in case of GTA
Replies (2)
your make invoice rcm and 5% both but no itc
If u want to take input tax credit, u will need to get registered & charge GST @ 12% in tax invoice, in this case only u will able to claim credit.
You will not get any credit if your service falls under rcm..i.e, recipient is paying tax @ 5% under rcm
U can issue tax invoice if only u are a registered dealer , otherwise no need to issue tax invoice. Simple bill will be ok.
You will not get any credit if your service falls under rcm..i.e, recipient is paying tax @ 5% under rcm
U can issue tax invoice if only u are a registered dealer , otherwise no need to issue tax invoice. Simple bill will be ok.
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