Dear Sir,
kindly advise GST ON GOODS TRANSPORT AGENCY UNREGISTERED TRANSPORTER
GST TO BE PAID IS 5% OR 12%
2) for security services gst TO BE PAID IS 18%
CAN I AVAIL RCM PAID AS INPUT TAX CREDIT
Thanks
NAMRATA (STUDENT) (84 Points)
29 March 2022Dear Sir,
kindly advise GST ON GOODS TRANSPORT AGENCY UNREGISTERED TRANSPORTER
GST TO BE PAID IS 5% OR 12%
2) for security services gst TO BE PAID IS 18%
CAN I AVAIL RCM PAID AS INPUT TAX CREDIT
Thanks
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 29 March 2022
Rate on GTA services depends on whether GTA functions under RCM or forward charge. If RCM then recipient will pay GST @ 5% and claim ITC. If under forward charge GTA will charge GST @ 12% and ITC will be available.
For security rate is 18%
ITC is available subject to compliance of section 16 & 17