gst charged by transporter 5% ,
can I take input of this .
Menu
itc on gst of transportation @5%
Replies (6)
That's a confusing part. Some are saying ITC is available some are disagreeing.
Even I have a doubt now....
Lets wait for some clarification.
But how can your transporter charge GST?...
It is under RCM..
Registered Service recipient is liable to pay GST Under RCM for transportation from GTA
If recipient is unregistered then GTA itself liable for GST
Also transportation from unregistered transport agency (i. e local lorries ) to unregistered dealer is not liable to GST
Also transportation from unregistered transport agency (i. e local lorries ) to unregistered dealer is not liable to GST
If you are unregisterd than you can't take ITC only registered firm/Company is eligible to take ITC.
after paying GST @ 5% on GTA services, Receipient(Corporate) has to avail as ITC of that Challan of GTA.
Recent Topic
- AIS UTILITY
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
Related Topics
CAclubindia
