GST on GTA Service

[saket s]

Hi,

Subsequent to decisions of 20th meeting of GST Council how much GST freight forwarder will charge and whether, as a service recipient, can we take credit of GST.

Thanks

Saket

AI Summary

GST on Freight Forwarding: 12% with ITC, 5% without; ITC claimable under 5% RCM payment. Awaiting official notice. A discussion on the Goods and Services Tax (GST) for Goods Transport Agency (GTA) services addresses how much GST freight forwarders should charge and whether service recipients can claim GST credit. One participant states that the GST rate is 12% with Input Tax Credit (ITC) and 5% without ITC. Another participant mentions waiting for official notification. A question arises about whether ITC can be claimed on the 5% GST paid under the Reverse Charge Mechanism (RCM), to which it is confirmed that credit is available on GST paid under RCM.