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ITC with regards to GTA
What GST rate we need to charge on RCM basis for bills issued by GTA? Is ITC allowed for the amount paid? If yes, then what is purpose of paying first and then claiming back in the same account?
Replies (2)
Rate 5% under RCM paid by recipient
Service recipient will get full ITC
Service recipient will get full ITC
If we can take ITC against transportation, where can we utilise it?
Can we utilise against output GST of goods sold?
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