if a GTA does not charge GST on their Invoice then are we liable to pay GST under Reverse Charge Mechanism? If yes then we should pay GST under reverse charge at what % & whether we are able to claim ITC of the same OR not ?
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Gst on gta
Replies (8)
GTA service has been notified u/s 9(3) so the receipient is liable to pay GST under reverse charge @ 5% and ITC is available to the payer..
Can u please refer a link to the notification specified in the section 9 (3)?
Please refer to the below link..
You can see it in CGST act and also search google and clear Tax website....
I still dont have the clarity about input tax credit. where is it clarified that itc would be available?
Mam Saloni said...
ITC available for payer. It means, You (buyer) paid the GTA charges you can claim the ITC.
If they (seller) paid GTA, then they claim ITC.....
ITC available for payer. It means, You (buyer) paid the GTA charges you can claim the ITC.
If they (seller) paid GTA, then they claim ITC.....
ITC is availble to the person in whose name the GTA raises the bill...
U may be absolutely correct but is there any clarification like a notification or any section which justifies your answer?
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