In Gta.. through forward charge: either 12% with itc or 5% with out itc is given to gta
what's the reason for giving itc only when gta choose 12% on bill?? can anyone explain this??
As per Notification 11/2017 GTA are given the option that they can operate under 5% where recipient will pay tax but GTA will not claim any ITC.
OR
They can operate in 12% forward charge where the GTA will charge GST and pay taxes to government and will also claim ITC.
CAclubindia
