Menu
ITC ON RCM
can we avail credit of gst paid under RCM to gta @ 5%
Replies (4)
Yes, you can.
if u not cover in COMPOSITION then only u can take ITC,,,
but on various platforms, professionals are saying that no ITC will be available on gta services wherein GTA is @ 5%
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.
Recent Threads
- Returning the shares gifted by daughter?
- Gst tax rate
- Accounting of Govt Grant in aid-Assam Tea Estate
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
- Best NISM course for an Accountant
- Calculate IT on LTCG AND STCG for the FY 2025-26
Related Threads
CAclubindia
