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ITC on GTA if paid by transporter @12
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 recipient can claim ITC in this case
Yes, itc can be claimed
Yes ITC on GTA @ 12% can be claimed
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.
Yes, you can proceed to claim ITC subject to conditions laid down in section 16 of the CGST ACT
Yes in this case yours recipients can claim ITC if you adopted 12 % case
Yes, provided you are eligible to claim ITC for eg. not used in making exempt supplies, etc.
Yes, provided you are eligible to claim ITC for eg. not used in making exempt supplies, etc.
Yes in this case you can claim the Input tax credit ( ITC )
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