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ITC on GTA if paid by transporter @12

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krupali mehta

20 Points Posted on 24 April 2021

if GTA pays gst @ 12% and the same is reflected in gstr2b ..can it be claimed as ITC by recipient?

Replies (9)

Quick Summary

Yes, recipients can claim Input Tax Credit (ITC) on Goods Transport Agency (GTA) services if the GTA has opted to pay GST at 12% under the Forward Charge Mechanism. This ITC claim is permissible provided all conditions under Section 16(2) of the CGST Act 2017 are met, such as the ITC not being used for exempt supplies.

Kaustubh

benuskar

20 Points Posted on 24 April 2021

Yes recipient can claim ITC in this case

RENU SHARMA

20 Points Posted on 24 April 2021

Yes, itc can be claimed

CA. Sourav Sarkar

Chartered Accountant

20 Points Posted on 24 April 2021

Yes ITC on GTA @ 12% can be claimed

Shivam RC

Student

20 Points Posted on 25 April 2021

If the Goods Transport Agency ( GTA ) has opted to pay tax under Forward Charge Mechanism @ 12%, then the recipient is allowed to claim ITC on this 12% GST paid, provided all the FOUR CONDITIONS as laid down U/s 16(2) of the CGST Act 2017 has been satisfied.