ITC OF RCM PAID ON GTA SERVICES AVILED ON NON TAXABLE SUPPLY

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..... ITC OF RCM PAID ON GTA SERVICES AVILED ON NON TAXABLE SUPPLY
Query (Issue) Started By: - DHARMENDRA SONI Dated:- 24-12-2018 Last Reply Date:- 26-12-2018 Goods and Services Tax - GST
Got 3 Repli .....

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..... es
GST
Dear Sir , We are supplier of Taxable & Exempt Product . We are paying RCM on GTA services availed for inputs of both type of supplies. Kindly suggest us can we take ITC of RCM paid for .....

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..... both types of supplies. Reply By KASTURI SETHI: The Reply: Under RCM, first you will pay in cash. Proportionate ITC is eligible. Reply By PAWAN KUMAR: The Reply: rightly explained by kasturi sir. .....

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..... refer section 17 (2) cgst act. itc avalable for taxable supplies only not exempted. Reply By Mahadev R: The Reply: To the extent possible identify the bills separately for taxable and exempted good .....

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..... s. Full ITC is eligible for taxable clearances. Full credit ineligible for exempted clearances. Wherever not identifiable or common, ITC can be claimed based on turnover ratio.
Discussion Forum - .....

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..... Knowledge Sharing .....

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