Sir, What will be the GTA treatemnt in GST Regime ? What will be the percentage ? and what about ITC ??
5 Replies
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 21 July 2017
GTA service has been notified u/s 9(3) of CGST act, it means it is covered under Reverse charge, so the receipient has to pay GST @ 5%....with full ITC available.
ram MOHAN
(STUDENT)
(50 Points)
Replied 21 July 2017
CA Saloni mam ,
can you pls tell me what is process to cliam that input creit under rcm beacuse transporter is not going to upload his invoice to gstr 1 then how can we claim our itc .
pls revert..
regards
manoj
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 21 July 2017
For RCM services, you will have raise a self invoice mentioning all the required details like HSN code, GST rate, invoice no etc...
These details will be filed in return and on this basis you can claim ITC..
ram MOHAN
(STUDENT)
(50 Points)
Replied 26 July 2017
dear all
is it mandate to match invoice bill number and INVOICE AMOUNT of supplier while paying, because we received some short quantity i.e for 16000kg we received only 15900kg ,,so can we deduct the amt for the same , and is there any mismatch will happen when supplier files his gstr 1 and with our gstr 2 to claim input credit.
pls revert..
regards manoj
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