GTA 5% RCM paid, this GTA Credit taken or not....?
same we have paid 12% GTA, this credit avail or not.....?
5% not ITC credit, 12% credit possible,
2 Replies
Anbuselvam
(Sr.Acct)
(48 Points)
Replied 18 April 2018
GST Paid by the GTA Registered Dealer @ 5% cannot avail ITC. But, if he pay GST @ 12%, then ITC can be availed.
If the service receiver pays GST (on RCM basis) @ 5%, then ITC can be availed.
Thanks,
Anbu.
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