GST Input from GTA
This query is : Resolved
28 November 2021
Dear Experts,
I have received Tax Invoice from TCI Freight for Rs. 25000 plus 5% GST. Can I avail GST Input on the same ?
Or I have to deposit Tax as per Reverse Charge ? Please Guide
I have received Tax Invoice from TCI Freight for Rs. 25000 plus 5% GST. Can I avail GST Input on the same ?
Or I have to deposit Tax as per Reverse Charge ? Please Guide
28 November 2021
You have to deposit GST under RCM and avail ITC.
29 November 2021
If the GTA charges GST @ 6%, RCM is not applicable. If the same is lesser than 6%, you need to pay GST under RCM @5%. You can avail ITC on the GST charged @5% by the GTA and pay RCM @5%.
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