The Assesse is a exporter .
The has some carriage outward on which the GTA has charged 5% IGST and the Company has claimed this 5% igst in gstr 3B
Now in GSTR 9 -should this ITC be reversed and paid through DRC 3??
4 Replies
CA Mayank A Jain
(Chartered Accountant in Practice)
(1260 Points)
Replied 19 June 2019
You can claim credit of such tax. You may not be required to reverse that credit. I don't see why you want to reverse it.
ARCHIT CHONGDAR
(n.a)
(63 Points)
Replied 20 June 2019
When the GTA opted for 5 % he will not be able to take credit of input tax credit. So pass on of credit getting stuck there
Now when he charge 5 %,Am I eligible to take credit of that?
CA Mayank A Jain
(Chartered Accountant in Practice)
(1260 Points)
Replied 20 June 2019
Yes, you are eligible to claim such ITC as there is no restriction on the recipient to take credit.
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