GST Payment on Reverse charge for GTA
Query (Issue) Started By: – Anil Kumar Dated:- 16-2-2018 Last Reply Date:- 20-5-2018 Goods and Services Tax – GST
Got 11 Replies
GST
Dear Sir,
We are manufacturer and also do job work of distillation of solvents. All our materials supplied are through tanker and finished goods are also transported through tankers. earlier when service tax was in force we used to pay the GTA on reverse charge mechanism. My question now is whether we need to pay the GST on GTA transportation, if yes under reverse charge mechanism or at what percentage and if I pay, by when can I take credit of the paid GTA amount.
Thanks and Regards
Anil Kumar M
Reply By Alkesh Jani:
The Reply:
Sir, In terms of Notifica
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it is also eligible.
the view expresses by my collegue friend is for goods transport agency.
Reply By CS SANJAY MALHOTRA:
The Reply:
I support views of Sh. Ganeshan ji.
Reply By KASTURI SETHI:
The Reply:
Sh.CS Sanjay Malhotra Ji, I agree with you. Thus it implies that I also agree with Sh.Ganeshan Kalyani Ji.
Reply By Anil Kumar:
The Reply:
Dear Sir,
One more doubt is if it is within state it is CGST 2.5% and SGST 2.5%, and ITC credit can be taken immediately next month of the payment.
Thank you all for the replies.
Regards
Anil Kumar M
Reply By Praveen Nair:
The Reply:
Hi Anil, You can pay GST on RCM and can take of ITC in the same month.
Reply By Ganeshan Kalyani:
The Reply:
yes , if within State transaction then CGST + S
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