Taxability of gta under gst
This query is : Resolved
29 June 2019
Suppose a person is providing 1. GTA services to a registered factory and the factory is paying GST at 12% under RCM
2. and also providing other commission services in which he collects and deposits GST to govt.
Now can the GTA take input tax credit on tyre, spare, new truck purchase etc?
2. and also providing other commission services in which he collects and deposits GST to govt.
Now can the GTA take input tax credit on tyre, spare, new truck purchase etc?
30 June 2019
1 RCM payable under GST is 5% only. 12% GST payable by GTA under forward charge.
2 If GTA pays 12% under forward charge GTA can take input tax credit on tyre, spare, new truck purchase etc
2 If GTA pays 12% under forward charge GTA can take input tax credit on tyre, spare, new truck purchase etc
Message likes :
1 times
01 July 2019
Also, if GTA pays 12%, then there is no liability of RCM for the recipient.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Import license renewal
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
