GTA Service
GUDIPUDI CHENNAKESAVULU (audit) (105 Points)
31 January 2020
GTA provide service to gta what is the tax rate and who will pay the tax
6 Replies
Roshni
(Studwnt)
(1141 Points)
Replied 31 January 2020
Depends on the circumstances like what GTA follows reverse charge or forward charge
GUDIPUDI CHENNAKESAVULU
(audit)
(105 Points)
Replied 31 January 2020
If reverse charge what is the effect
Deepak Gupta
(CA Student)
(15922 Points)
Replied 31 January 2020
Services by way of giving on hire to a GTA, a means of transportation of goods are exempt from GST under N.N. 12/2017-Central Tax (Rate), dated 28th June 2017.
GUDIPUDI CHENNAKESAVULU
(audit)
(105 Points)
Replied 31 January 2020
If the service is not hire it is normal service
Roshni
(Studwnt)
(1141 Points)
Replied 31 January 2020
Two rate applies 12% or 5%.
if reverse charge then 5% rate applies and ITC cannot be claimed. receiver pays tax in case if reverse charge.
if reverse charge then 5% rate applies and ITC cannot be claimed. receiver pays tax in case if reverse charge.
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