Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

gst rate for gta and itc credit eligibility

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... gst rate for gta and itc credit eligibility
Query (Issue) Started By: - Ramakrishnan Seshadri Dated:- 9-10-2017 Last Reply Date:- 10-10-2017 Goods and Services Tax - GST
Got 3 Replies
GST

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... >Dear Sir, We are manufacturers of automobile parts. We use to hire transport agencies to transport our goods to our customer. The transport agency is also registered with the gst and having a valid .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... gstin. Now our question, the transport agency is issuing invoice charging gst of 5%.. In another case the gta is charging cgst 6%+sgst 6%. Could you please confirm credit is eligible on this Tha .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nks & Regards S.Ramakrishnan Reply By Rajagopalan Ranganathan: The Reply: Sir, In both cases the recipient of the service is eligible to avail ITC of gst paid by the supplier of the service. Where .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the supplier of the service is paying 5% gst the supplier is not eligible to avail ITC of tax paid on inputs and input services availed by the supplier. There is no restriction for availing ITC by th .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e recipient. Reply By Himansu Sekhar: The Reply: at the customers end, there is no restriction for taking the credit. You can take the credit. Reply By KASTURI SETHI: The Reply: I support the view .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s of both experts.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates