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.

[Himansu Sekhar]

Rules are to be notified.

AI Summary

GST no input tax credit query: whether ITC is available to the service receiver or the GTA service provider. Whether a GST levy at 5% with no input tax credit on Goods Transport Agency services renders ITC unavailable to the service recipient or to the GTA provider, and what valuation applies to stock transfers to an in state depot under the same registration, to an out of state depot, and between sister units - with the reply stating that relevant rules are yet to be notified.