10 July 2017
Suppose for example there are two registered dealer for GTA services MR A & MR B - Both are registered and provide GTA services Now GTA is under RCM Now MR A provides GTA services to MR B Now Mr B has to pay GST under RCM But he cannot claim that input as he also provide GTA services which is under RCM. So will MR B get refund for GST paid under RCM for services received by him From Mr A
10 July 2017
Mr B will not get refund of GST paid under RCM, Even Mr .B caanot claim ITC of such GST against his output tax liability if occur any time (i.e. in case of GTA service to unregistered dealer). Because GTA services is liable of GST at rate 5% with no ITC.
Further, if you no claiming ITC against your output liability it does not mean you can refund such ITC ( in specified cases it is allowed like export case).
10 July 2017
Soo what about registration incase of Mr BGst registration is compulsory if tax has to be paid by the recipient and Mr B doesn't own any truck or any vehicle he just takes good from the party charges transportation charges to him and then appoints a gta to transport the goods.So Mr b has to register in gst eventhough his turnover is less than 20L??Thnks 😄
CAclubindia
