Sir,
If Any Transporter (Reg. in GST) Provide Transport Services Two type
1. Gst Charge 18% and
2. without Gst (Under RCM)
Sir Question is If Transporter purchase new truck then sir Transporter Claim New Truck ITC.
Menu
Itc on new truck purchase
Replies (1)
In a situation if the GTA is taken registration then he has two options – Pay GST @ 5% without taking ITC or pay @ 12 and avail ITC. But you can choose any of one option in begining fy
IF YOU ARE not GTA :
Your services are exempted by notification 12/2017 CT (r)
So if you are GTA & charging 12 % GST on your outward supply then can avail ITC on Truck Purchase .
IF YOU ARE not GTA :
Your services are exempted by notification 12/2017 CT (r)
So if you are GTA & charging 12 % GST on your outward supply then can avail ITC on Truck Purchase .
Related Topics
CAclubindia
