CAN A GOOD TRANSPORT AGENCY (GTA) CLAIM REFUND OF UNUTILISED ITC.
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Refund of unclaimed itc under gst for gta
Replies (4)
yes need to file application for refund online @ gst portal rfd_01a
No ... there is no refund of un utilized itc unless you make sez or export of service or Sales.
I am of the view that if GTA is not paying taxes under forward charges, and taxes on GTA is being paid under reverse charge, in such case GTA need to reverse the ITC in GSTR 3B each month proportionately. (Please refer Sec. 17 (2) & (3) of CGST Act and Rule 42 of CGST Rules.)
ITC of GTA in case paid under reverse charge is blocked under Sec 17(2) and (3).
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