ITC on GTA
Query (Issue) Started By: – Dinesh Biyanee Dated:- 15-8-2017 Last Reply Date:- 16-8-2017 Goods and Services Tax – GST
Got 4 Replies
GST
In the rates of services of GTA it is written that 5% with no ITC. and 12% with ITC if on forward charge
\ncan we avail credit if it is 5% on RCM
\nReply By HimansuSekhar Sha:
\nThe Reply:
\nYou can get the ITC, but the itc on the inputs, capital goods, input services used for providing the GTA services is not allowable. This is the meaning of the phrase ,'with no ITC'
\nReply By THYAGARAJAN KALYANASUNDARAM:
\nThe Reply:
\nDear sir,
\nAs per sec 9(3) of CGST act, it is mandatory to pay the tax on GTA only by the recipient in case of registered person under GST act. Then how do we defin<\/p>\n
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