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ITC on GTA services under reverse charge
GST paid @ 5% on GTA services under reverse charge, can we avail credit for the same.
Replies (5)
Input tax credit can be claimed by the buyer as long as they use the goods and services they bought on reverse charge basis for business purposes only. Also, a supplier cannot claim ITC on the tax paid on goods/services that were used to make supplies that incur reverse charge.
Yes you can avail the input credit after paying it.
Yes... You can claim ITC for the rcm paid amount.
yes ITC can be claimed
can u please refer me the section or notification which can clarify my doubts
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