GST rate 5 % with No ITC

[yateen vyas]

Experts,

1. Whether 5 % rate on GTA with no ITC,so this ITC not be available to service Receiver as or to GTA (Service provider).

2.what will be valuation if Stock transfer to Depot within same state with same registration,stock tranfer to depot in other state,sister unit transfer.

AI Summary

Clarification Sought on 5% GST Rate for GTA Services Without ITC and Valuation of Stock Transfers Awaiting Notification A participant inquired about the applicability of a 5% GST rate on Goods Transport Agency (GTA) services without Input Tax Credit (ITC) availability for either the service receiver or provider. Additionally, they sought clarification on the valuation of stock transfers within the same state, to depots in other states, and to sister units. An expert responded that the specific rules regarding these issues were yet to be notified.