ITC under GTA
Shubham Sogani (45 Points)
22 January 2018
Is registered GTA is eligible to claim ITC under GST?
2 Replies
Vyomm Mehta
(12 Points)
Replied 22 January 2018
GTA is covered under Sec 9(3) I.e. Notified services under reverse charge mechanism. So GTA need not pay tax provided the recipient is Company, firm, factory (registered under factories act), co-operative society or any person registered under GST.
Except above GTA is eligible to claim ITC under GST.
(Confirm this answer with CA before taking any material decisions)
Except above GTA is eligible to claim ITC under GST.
(Confirm this answer with CA before taking any material decisions)
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 22 January 2018
Yes he can provided he charge GST on his outward supply @ 12%
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