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RCM paid on GTA services @5% is eligible to claim ITC

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..... RCM paid on GTA services @5% is eligible to claim ITC
Query (Issue) Started By: - BHAVYA PETHRU Dated:- 6-9-2018 Last Reply Date:- 7-9-2018 Goods and Services Tax - GST
Got 3 Replies
GST
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..... Dear Experts, We have been paying the Tax under RCM @5% for GTA service , whether we are eligible to take the Input tax credit of the same. awaited for your respose thanks & regards, Bhavya.P Rep .....

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..... ly By Rajagopalan Ranganathan: The Reply: Sir, Since you are paying 5% tax on GTA service under RCM as receiver of the service you can take the credit. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply .....

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..... : You are eligible to take the credit. Reply By Manoj Agarwal: The Reply: Yes, you are eligible to avail ITC paid under RCM on GTA service after payment of tax, if the input service (GTA) is used i .....

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..... n providing taxable supply. Regards, Adv. Manoj Agarwal, GSTsathi, Rourkela
Discussion Forum - Knowledge Sharing .....

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