GST Payment on Reverse charge for GTA

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..... GST Payment on Reverse charge for GTA
Query (Issue) Started By: - Anil Kumar Dated:- 16-2-2018 Last Reply Date:- 20-5-2018 Goods and Services Tax - GST
Got 11 Replies
GST
Dear Sir, We are manufacturer and also do job work of distillation of solvents. All our materials supplied are through tanker and finished goods are also transported through tankers. earlier when service tax was in .....

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..... force we used to pay the GTA on reverse charge mechanism. My question now is whether we need to pay the GST on GTA transportation, if yes under reverse charge mechanism or at what percentage and if I pay, by when can I take credit of the paid GTA amount. Thanks and Regards Anil Kumar M Reply By Alkesh Jani: The Reply: Sir, In terms of Notification No.11/2017 -CT (Rates) Sl.No. 9(iii) and at P .....

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..... ara (iii) of Notification No. 20/2017 -CT (rates) amending Notification No.11/2017 - CT (Rates) shall be taken into consideration i.e to say that You are to pay Tax @5% (CGST+SGST) under RCM and ITC is not available. if the goods transport agency opting to pay central tax @ 6% under this entry shall, thenceforth, be liable to pay central tax @ 6% on all the services of GTA supplied by it. However, .....

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..... ITC is not available in this case also, in terms of Section 17(5) (a) (ii) Reply By KASTURI SETHI: The Reply: Well explained by Sh.Alkesh Jani, Ji. No room left for further clarification. Reply By Ganeshan Kalyani: The Reply: As a manufacturer you will bave to pay GST @5% on GTA. Input tax credit is also eligible. the view expresses by my collegue friend is for goods transport agency. Rep .....

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..... ly By CS SANJAY MALHOTRA: The Reply: I support views of Sh. Ganeshan ji. Reply By KASTURI SETHI: The Reply: Sh.CS Sanjay Malhotra Ji, I agree with you. Thus it implies that I also agree with Sh.Ganeshan Kalyani Ji. Reply By Anil Kumar: The Reply: Dear Sir, One more doubt is if it is within state it is CGST 2.5% and SGST 2.5%, and ITC credit can be taken immediately next month of the payment. .....

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..... Thank you all for the replies. Regards Anil Kumar M Reply By Praveen Nair: The Reply: Hi Anil, You can pay GST on RCM and can take of ITC in the same month. Reply By Ganeshan Kalyani: The Reply: yes , if within State transaction then CGST + SGST . and yes credit can be taken in the same month. Reply By Anil Kumar: The Reply: Dear Sir Thank you all for the clarifications. Regards Anil .....

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..... Reply By Ganeshan Kalyani: The Reply: Thanks Sri Sanjay Sir and Sri Kasturi Sir. Reply By YAGAY and SUN: The Reply: In this scenario the only conditions is the service provider had not availed the ITC on capital goods, inputs and on input services.
Discussion Forum - Knowledge Sharing .....

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