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ITC ON PAYMENT OF TRANSPORTATION
CAN ITC CLAIM ON PAYMENT OF TAX UNDER RCM OF TRANSPORTATION?
Replies (2)
There is a confusion about RCM tax paid on GTA of 5%, whether it is eligible for ITC to recipient or not.
*The tax of 5% paid under RCM on GTA is available as ITC to the recipient of GTA service
*The tax of 5% paid under RCM on GTA is available as ITC to the recipient of GTA service
you can claim ITC on RCM paid for GTA
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