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Transporter Can Claim ITC

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SHADAB AKHTAR ANSARI

38 Points Posted on 26 February 2020

Sir,
I am Transportation i ply my Vehicle and issue credit note on that i Charge 18% GST On RCM,

So in that case if i purchase Vehicle and any equipment for vehicle on that Can i Claim ITC????

Replies (3)

Quick Summary

This discussion clarifies whether transporters can claim Input Tax Credit (ITC) on vehicle and equipment purchases. It explains the different GST payment options available to transporters, including paying 12% forward charge with ITC, 5% forward charge without ITC, or opting for Reverse Charge Mechanism (RCM) where the service receiver pays GST. The key is understanding which option allows for ITC claims.

CS Advocate Abhishek Goyal

M Com FCS LLB M-AIMA

11027 Points Posted on 26 February 2020

In case of transporter option is there for forward charge @ 12% with ITC. So if you pay @ 12% you can claim ITC.

RAJA P M

"Do the Right Thing...!!!"

77833 Points Posted on 26 February 2020

@ Mr SHADAB AKHTAR.,

Your query is not cleared...!
Ask with correct details or which way You charged 18%...

Anshuman Basu

account -GST

1181 Points Posted on 26 February 2020

If you are GTA services provider then you have three option 1/ Charge 12% as forward charge and take ITC 2/ charge 5% as forward charge and not take ITC 3/ without charge GST in sales bill and services recever pay tax RCM badic