Can GTA Service Provider Charge GST on Bill of Transportation ? & Can Service Receiver take credit on GST paid amount which is paid to Service Provider ?.
If Tax Rate 5℅ ,12℅.
3 Replies
Akhil Rajeev Reddy
(Article Assistant)
(121 Points)
Replied 12 January 2018
If GTA charges GST @ 12% , then recipient is eligible to take the credit
If GTA charges GST @ 5%, then credit will not be available
Divakar
(Student CA Final )
(11857 Points)
Replied 12 January 2018
Credit will not available to transporter if he cahrge 5% gst on bill... Recipient's of service can get credit
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 12 January 2018
Akhil- I find you are replying without reference to the law. Pl stop. Read the law and then start answering.
Credit is available to the customer when transporter charges 12% or when the receiver pays 5% under RCM.
Only GTA not eligible for credit if his customer is to pay 5% on RCM.
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