Query new gst on gta
Sunil Agrawal (225 Points)
19 July 2022
Earlier we pay gst on gta rcm 5% and i t c claim please tell can i do this even after 18/07/22
Sunil Agrawal (225 Points)
19 July 2022
Rajendra Prasad
(Employee Private)
(1824 Points)
Replied 19 July 2022
Yes, has to do RCM but only on the expenditure related to un registered GTA and who has Registered and not opted to pay GST on forward charge with 5% or 12% and not submitted Tax invoices with declaration as prescribed in Notification, reproduced here under.
Declaration
I/we have taken registration under the CGST Act, 2017 and have exercised the option to pay tax on services of GTA in relation to transport of goods supplied by us during the Financial Year _____ under forward charge.
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