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TMI BlogForeign companyX X X X Extracts X X X X X X X X Extracts X X X X ..... Foreign company X X X X Extracts X X X X X X X X Extracts X X X X ..... in this regard. 2) Trucks for the above job were hired from URD transporter, hence rcm is payable by GTA which is 5 % . Can GTA take ITC for the same Thank you Reply By KASTURI SETHI: The Reply: Reply to Query No.1 : Transported goods are to be consumed in India. You are covered under Section 12(8)(b) of IGST ACT, 2017. Under Forward Charge Mechanism rate is 12% (6% + 6%).. You can take ITC if ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... you pay 12%. You will have to opt for working under FCM in the beginning of Financial Year. Reply to Query No.2 (Hiring Vehicle is exempted as per Notification given below:- Notification No.12/17-Central Tax(Rate) dated 28.6.17 22 Heading 9966 or Heading 9973 Services by way of giving on hire - (a) to a state transport undertaking, a motor vehicle meant to carry more than twelve passengers ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ; or Rate Nil Condition Nil (b) to a goods transport agency, a means of transportation of goods. NIL for (b) also Reply By Ganeshan Kalyani: The Reply: The Service of giving on hire of vehicle to goods transport agency is exempted. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: I endorse the views of Shri Sethi. Reply By Rajagopalan Sundaram: The Reply: Dear Mr Sethi Thank you very ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... much.
As regards query no 1-. GTA has been charging on RCM and for FCM we hv to wait till next FY. In this case since GTA has already performed the services what will be the rate . X X X X Extracts X X X X X X X X Extracts X X X X
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