what is the rate of gst in case of GTA service.
if it's to paid under reverse charge?
is it eligible for ITC
3 Replies
Vinod Babu
(24191 Points)
Replied 12 August 2018
Agree with CA Mithilesh. G sir.
GTA charge 5% the Recepient is liable to do RCM ,. RCM has to be done @ 5%
If GTA charged 12% then Recepient can take ITC for the same & no need to do RCM
GTA charge 5% the Recepient is liable to do RCM ,. RCM has to be done @ 5%
If GTA charged 12% then Recepient can take ITC for the same & no need to do RCM
furquan ahmad
(Article Assistant)
(129 Points)
Replied 12 August 2018
thanks sir
but I need one clarification
if we pay gst 5% on reverse charge basis.
can receipent of service take credit of gst paid on reverse charge @ 5%???
but I need one clarification
if we pay gst 5% on reverse charge basis.
can receipent of service take credit of gst paid on reverse charge @ 5%???
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