GTA PAID - ITC AVILABLE --REG

[venkat eswaran]

Dear all,

We are service receiver and if we pay GTA 5% under GST Reverse charge mechanism , can we able to take credit this and adjust against GST payable?

If GTA paid by transporter itself and sending the bill can we able to take credit this and adjust against GST payable?

Thanks in advance

Venkat

AI Summary

Input tax credit entitlement for GST on transport agency services may be claimed by recipient under reverse charge.
Whether ITC is available for GST paid on GTA services under reverse charge is disputed: one view rejects ITC citing the rate schedule note of "no input credit," while an alternative view holds that recipients who pay under reverse charge may claim ITC because the ITC rules contain no specific exclusion for GTA services; obtaining a supplier declaration that no ITC was availed by the GTA is advised as a compliance safeguard.