If a Registered GTA provide service to an unregistered person will it charge GST or Is it exempt and no GST will be charged.
If GST will be charged what GST Rate will be applicable and also what will be its treatment in both cases -reverse charge & Forwarding charge
If GTA is registered under GST, he has to charge GST, while service provided to URD.
W. e. f 18th July 2022, GTA has been provided with an option to choose either to charge GST @ 5% without ITC or @ 12% GST with ITC Under Forward charge
2. If Such option has not bee exercised, and GTA wants to issue invoice @ 5% such service will be covered under RCM U/s 9(3) of CGST Act.
3. Such Option for a Financial Year need to apply by 15th of March of Preceding FY.
4. The GTA wants to opt for charging GST @ 5% or 12% under Forward charge for FY 2022-23 should apply the option on or before 16th August 2022.
5. The GTA Issuing Tax Invoice under Forward charge need to furnish a declaration in the Tax invoice ( as per Notification No :- 05/2022-Central Tax(Rate) Dt 13/07/2022 )
CAclubindia
