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IRN if required for GTA registered person charging 12% GST, Goods and Services Tax - GST |
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IRN if required for GTA registered person charging 12% GST |
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Dear Expert, Please advise the following query. A person registered under GTA under the GST Act, 2017 and wants to issue invoice without IRN to customer charging GST @12% under FCM (forward charge basis) and his turnover exceeds Rs.5 Cr. for previous year 2023-24. Whether, he should issue e-invoice( IRN invoice) under rule 48(4) of the CGST Rules,2017. If not, the recipient can avail the GST paid without IRN invoice from GTA supplier for taking ITC as per laws? Posts / Replies Showing Replies 1 to 3 of 3 Records Page: 1
GTAs are exempted from issuing e-invoices in terms of Rule 48(4). Thanks
Can the department claim that this exclusion is for RCM category, not for charging on FCM. The intention of the legislation to exclude them where they not liable to pay GST . Please explain sir.
Dear Querist, Answer to your query is NO. The reply given by the expert at serial no.1 is correct. GTAs are exempted from issuing e-invoice as a whole. Peruse Notification No. 13/20-CT dated 21.3.20 as amended (up to 10.05.23) and Board's Circular No. 186/18/22-GST dated 27.12.2022 (serial no.3) conjointly. Page: 1 |
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