ITC on GTA
kalpataru sahoo (Accountant) (39 Points)
17 February 2018
can i take itc if gta collect gst from service recipient.
9 Replies
BHARATH MALI
(Assistant of Audit)
(76 Points)
Replied 17 February 2018
If Its 5% then no ITC will avail,
Heena mangtani
(Chartered Accountant)
(272 Points)
Replied 18 February 2018
12% with itc
5 % without itc ..so u have to see how much GTA charge?
5 % without itc ..so u have to see how much GTA charge?
Thirumalaisami Thangavel
(41 Points)
Replied 18 February 2018
There is no option for GTA to charge 5%.
Only 12% if GTA claims ITC on their input services otherwise GTA service comes under RCM/Exempted.
Only 12% if GTA claims ITC on their input services otherwise GTA service comes under RCM/Exempted.
Heena mangtani
(Chartered Accountant)
(272 Points)
Replied 18 February 2018
Please refer notification no. 20 / 17 central tax( rate )..There are two option
Mondira Saha
(GST)
(3925 Points)
Replied 18 February 2018
there is no boundation he can charge 12% or 5% both on invoice
Mondira Saha
(GST)
(3925 Points)
Replied 18 February 2018
you can claim 12% or 5% both ... ITC not availble on 5% applicable on GTA not receipent ...
Thirumalaisami Thangavel
(41 Points)
Replied 18 February 2018
1.Notification No. 13/2017-Central Tax (Rate) Dated 28-June-2017
AS PER ABOVE NOTIFICATION
GST TO BE PAID BY RECIPIENT (NOTIFIED CATEGORIES) OF SERVICES - RCM
2.Notification No. 20/2017-Central Tax (Rate) Dated 22-Aug-2017
AS PER ABOVE NOTIFICATION
GTA CAN CHARGE NIL, 5 % & 12 % AS PER BELOW
NIL - SERVICE TO NOTIFIED SEVEN CATEGORIES OF RECIPIENTS- RCM
5% - SERVICE TO UNREGISTERED PERSONS BUT GTA CANNOT CLAIM ITC FOR THEIR INPUT SERVICES.
12% - SERVICES TO ALL CATEGORIES IF GTA CLAIMS ITC FOR THEIR INPUT SERVICES.
ISSUE: IF GTA CHARGE 12% TO NOTIFIED SEVEN CATEGORIES OF RECIPIENTS
RCM APPLICABLE OR NOT?
3.Notification No. 22/2017-Central Tax (Rate) Dated 22-Aug-2017
AS PER ABOVE NOTIFICATION
IF GTA CHARGE 12 % TO NOTIFIED CATEGORIES OF RECIPIENTS - RCM NOT APPLICABLE.
4.Notification No. 32/2017-Central Tax (Rate) Dated 13-Oct-2017
AS PER ABOVE NOTIFICATION
RATE OF TAX IF GTA SERVICE TO UNREGISTERED PERSONS – NIL
CONCLUSION
# GTA SERVICE TO UNREGISTERED PERSON - NIL
# GTA SERVICE TO NOTIFIED RECIPIENTS/REGISTERED PERSON - NIL(COMES UNDER RCM)
AS A SERVICE PROVIDER GTA HAS ONLY TWO OPTIONES
1. IF GTA CLAIMS ITC ON THEIR INPUTS
RATE OF TAX - 12 % TO ALL SERVICE RECIPIENTS
2. IF GTA HAS NOT CLAIM ITC ON THEIR INPUTS
RATE OF TAX – NIL
SERVICE RECIPIENT CAN TAKE BOTH 12 % (GTA CHARGED) AND 5% (RCM PAID) AS ITC.
Pawan Sehrawat
(Partner)
(91 Points)
Replied 19 May 2018
GTA can take ITC, if GTA charge GST @ 12%. But if he want to pay GST @ 5% on his supplies, he cannot take ITC.
Pls check the conclusion para of below link.
https://www.cbec.gov.in/resources//htdocs-cbec/gst/goods_transport_service.pdf
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