Hello Sir/Madam
If a company takes GTA services towards Carriage outwards/Carriage Inwards, If 5 % GST rate is applicable on RCM basis
Will it possible to get ITC on this expense
Please advise
Thanks
1 Replies
Suthaniya P
(170 Points)
Replied 29 November 2024
The recipient is eligible avail Input Tax credit on the Tax amount that is paid under reverse charge on goods and services. The only condition is that the goods and services are used or will be used for business or furtherance of business.
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