ITC for GTA 5% under RCM

Page no : 2

vikas chaudhari (28 Points)
Replied 20 November 2018

ok, got it sir..... Thank you.

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Manjit Sahdev (AGM Finance) (24 Points)
Replied 20 November 2018

DearSir,

In my opnion if as receiver we have to pay 12% for claiming ITC under RCM. If we pay 5% ITC not available.

RAJA P M ("Do the Right Thing...!!!") (127911 Points)
Replied 20 November 2018

Originally posted by : Manjit Sahdev
	DearSir, In my opnion if as receiver we have to pay 12% for claiming ITC under RCM. If we pay 5% ITC not available.

No dear. The Condition of "5% but, ITC not available & 12% ITC available" only to Service Provider (GTA).

It's not applicable to Service receipient.

If GTA :

1st condition - They can't charge GST in his invoice and Service receiver will pay under RCM. GTA can't claim any ITC for their Inward Supplies.

2nd Condition - They will charge GST on his supplies and Receiver no need to pay GST under RCM basis. Bcoz, Tax already charged in Invoice. GTA claim ITC for their Inward Supplies...

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