whether gta can charge gst amount from receipent or not sir
if yes, 5 or 12 percent
pls sir explain
Yes the Goods Transport Agency ( GTA ) can charge GST from the Recipient i.e. he should have opted to pay GST under Forward Charge.
The applicable Rate of GST which should be charged by the GTA is "12%".
The GTA has TWO OPTIONS :
(a). Pay GST @ 12% under Forward Charge Mechanism ( with the benefit of ITC ).
OR
(b). GST @ 5% under Reverse Charge Mechanism ( RCM under Section 9(3) of the CGST Act 2017 ) needs to be paid by Recipient.
Regards
Shivam RC.
CAclubindia
