ITC on GTA if paid by transporter @12
krupali mehta (15 Points)
24 April 2021
if GTA pays gst @ 12% and the same is reflected in gstr2b ..can it be claimed as ITC by recipient?
9 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 24 April 2021
Yes ITC on GTA @ 12% can be claimed
Shivam RC
(Student)
(23683 Points)
Replied 25 April 2021
If the Goods Transport Agency ( GTA ) has opted to pay tax under Forward Charge Mechanism @ 12%, then the recipient is allowed to claim ITC on this 12% GST paid, provided all the FOUR CONDITIONS as laid down U/s 16(2) of the CGST Act 2017 has been satisfied.
APURBA CHATTERJEE
(QUALIFIED CHARTERED ACCOUNTANT)
(608 Points)
Replied 26 April 2021
Yes, you can proceed to claim ITC subject to conditions laid down in section 16 of the CGST ACT
JASKARAN SINGH
(435 Points)
Replied 26 April 2021
Yes in this case yours recipients can claim ITC if you adopted 12 % case
VINI PATNI
(Partner Designate)
(30 Points)
Replied 27 April 2021
Yes, provided you are eligible to claim ITC for eg. not used in making exempt supplies, etc.
VINI PATNI
(Partner Designate)
(30 Points)
Replied 27 April 2021
Yes, provided you are eligible to claim ITC for eg. not used in making exempt supplies, etc.
Bhavika Kothari
(CA)
(1258 Points)
Replied 07 May 2021
Yes in this case you can claim the Input tax credit ( ITC )
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