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ITC on 5%

Ravi Sharma (78 Points)

12 April 2018

can a company who charge 5% gst on their transportation services avail ITC ??

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6 Replies

CA Rashmi Gandhi (Chartered Accountant) (86275 Points)
Replied 12 April 2018

Rate of GST on transportation is 12%.

If you pay 5% on RCM basis then you can claim ITC.

1 Like

Lalit Sangani (M.Com. Asst. Manager Account) (731 Points)
Replied 12 April 2018

ITC allowable only for service recepient, transporter may not allow to take ITC.

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Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 12 April 2018

If company is not GTA , & registered the recepient of service can take the input for the same

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RAJA P M ("Do the Right Thing...!!!") (127238 Points)
Replied 12 April 2018

(can a company who charge 5% gst on their transportation services avail ITC ??)
If company charge transportation charges in their Sales Invoice then GST applicable as per the principal supplies rate which is highest rate of GST...

In case company will separately charged the transport charges then it's exempt supply no need to charge GST...

2 Like