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GTA GST RATE

24 September 2017

Is gta opted 5% GST without ITC means composition dealer and 12% with ITC means Regular dealer ?

pls reply is thia right ?

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7 Replies

Vijay Patil (139 Points)
Replied 24 September 2017

1 GTA can not opt for composition it is always under Regular Scheme

2. GTA has been provided two option
Option I
GST @ 5% - without ITC

Option II
GST @ 12% - With ITC

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Baldev Prajapati (264 Points)
Replied 24 September 2017

that means he has to charged gst on invoice on both condition

Vijay Patil (139 Points)
Replied 24 September 2017

In case supply to Registered Person he need not charge GST in Invoice since in this case Registered Person in liable to pay GST under reverse charge.

however when he supply to Unregistered person he has to opt whether he want to pay GST @ 5% without taking ITC or pay GST @ 12% with ITC

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