Rcm u/s 9(3)
ram jain (21 Points)
19 February 2018
if registered person pay tax on rcm basis , on gta,can he claim itc on same,if yes then please mention section/notification no.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170682 Points)
Replied 19 February 2018
" Where the GTA is not eligible to take ITC for the supplies effected by it and the liability under GST is discharged under reverse charge basis, the recipient of GTA service discharging the tax liability is entitled to take Input Tax Credit (ITC) of the amount of tax paid under reverse charge, provided it is used in the course or furtherance of business at his end. Further the recipient would be eligible for ITC of the GST paid by GTA on forward charge basis...."
FROM: Page 3 of cbec/gst/goods_transport_service
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
