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ITC ON RCM

ITC / Input 327 views 4 replies
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122 Points Posted on 13 July 2017
can we avail credit of gst paid under RCM to gta @ 5%
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On 13 July 2017 at 22:52 Report
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2 Points Posted on 13 July 2017
Yes, you can.
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On 13 July 2017 at 23:03
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204 Points Posted on 13 July 2017
if u not cover in COMPOSITION then only u can take ITC,,,
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On 13 July 2017 at 23:57
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122 Points Posted on 14 July 2017
but on various platforms, professionals are saying that no ITC will be available on gta services wherein GTA is @ 5%
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On 14 July 2017 at 17:37
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64 Points Posted on 14 July 2017

ITC not allowed to Goods transport agency but it allows to traders who bear the burden of GST. For Non Composition Traders ITC of GST on payment of freight allow to that trader who actually bear the barden of GST on Freight.

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On 14 July 2017 at 17:43


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