Partnership firm taking gta services

This query is : Resolved

Sameer (Querist)
Follow

04 August 2017 if a partnership firm used the services of gta and gta raises the Bilti.
i need to know wether the exemptions of Rs5000 is available to the firm for using the services and whether the RCM deposited to the extent of 5%, the ITC of the same is available or not.

Thanks

Vishakha Kejriwal.

Vishakha Kejriwal. (Expert)
Follow

05 August 2017 GTA services are covered u/s 9(3) of the CGST Act whereas exemption under Notification 8/2017 (CGST) is available in respect of goods or services received under Section 9(4) of the CGST Act. Hence RCM is applicable and you would be entitled to input credit on payment of GST.