we are service receiver from tranaport provider they charged gat @ 5%
cab we avail inpu
Input GST under transport of goods by road @ 5% tax
ASHOK KUMAR (MANAGER ACCOUNTS) (187 Points)
06 May 2018
5 Replies
hardik
(student)
(73 Points)
Replied 06 May 2018
yes but GST liable to pay under rcm and then self invoicing is done then only credit can availed
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 06 May 2018
As per Notification No. 13/2017- Central Tax (Rate) dated 28.06.2017, Supply of Services by a Goods Transport Agency (GTA) in respect of transportation of goods by road to Specified Category Recipients are treated on Reverse Charge and the Recipient is Liable to pay GST.
IF GTA charge Forward Charge @ 12% availing ITC – Notification No. 20/2017 – Central Tax (Rate) dated 22ndAugust, 2017
So As to above If GTA charge 5% , recepient has to do RCM
&
If GTA charge 12 % , the recipient can take ITC
IF GTA charge Forward Charge @ 12% availing ITC – Notification No. 20/2017 – Central Tax (Rate) dated 22ndAugust, 2017
So As to above If GTA charge 5% , recepient has to do RCM
&
If GTA charge 12 % , the recipient can take ITC
Jagdish Akbari
(Tax Consultant)
(189 Points)
Replied 06 May 2018
in my view if GTA charged 5 % then no need to pay as RCM.credit available to service receiver.
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 06 May 2018
As per Notification No. 13/2017- Central Tax (Rate) dated 28.06.2017, Supply of Services by a Goods Transport Agency (GTA) in respect of transportation of goods by road to Specified Category Recipients are treated on Reverse Charge and the Recipient is Liable to pay GST.
So ask ur GTA to do not charge 5%, as his service is under RCM, (do not pay for the 5% charged by GTA or add it to freight cost)
So ask ur GTA to do not charge 5%, as his service is under RCM, (do not pay for the 5% charged by GTA or add it to freight cost)
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