Good Day to all,
I need to know about GTA 5%.
if we file GSTR1 under 5% RCM can we also claim for ITC.
please refer any section or notification too.
Regards
Bhagat
Need to know about GTA
Replies (6)
Quick Summary
If GST is paid by the GTA as a service provider then the applicable rates are 5% without ITC or 12% with ITC (notification no. 20/2017-Central Tax(Rate)).
If GST is paid in cash by other person as service receiver at 5% RCM; then he (service receiver) can claim ITC on the same.
If GST is paid in cash by other person as service receiver at 5% RCM; then he (service receiver) can claim ITC on the same.
We are GTA and we file raise our bill under 5% reverse charge. can we claim ITC or inward supply
No you cannot claim ITC as you are the supplier/provider of GTA service. If you had charged 12% then you could claim ITC.
Could you please share any notification or gst section for the same
I have shared the same in my first reply...notification no. 20/2017-Central Tax(Rate)
Thanks a lot 🙏🙏🙏🙏🙏
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