Hi folks. If a GTA obtains registration under GST law, is he required to discharge his GST liability @ 5% or will he still be covered under RCM.
And how this will be treated in GST returns.
2 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 06 January 2021
In case if gta takes registration then it can be opted to pay gst @ 12% and allowed to take itc.
otherwise if you opting for rcm @ 5% then you are not allowed to take itc
otherwise if you opting for rcm @ 5% then you are not allowed to take itc
CA Vikram Dangi
(3 Points)
Replied 06 January 2021
Thankyou for your reply. i am aware of this. But if the GTA obtains GST registration and opts for 5%, whether he will still be under RCM or in forward charge. Please give references of the sections and notifications. If under RCM, in which table of GSTR 3B and GSTR-1, the supplies of GTA will be shown.
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