TaxTMI 
TaxTMI 
TaxTMI 
Respected Sir
What will be the rate of GST for GTA service Receiver under RCM with ITC?
ITC under RCM
Prabhat Tripathy
GST Rate for Goods Transport Agency Service Receiver Under RCM Confirmed at 5% Without ITC Claims A query was raised regarding the Goods and Services Tax (GST) rate applicable for a Goods Transport Agency (GTA) service receiver under the Reverse Charge Mechanism (RCM) with Input Tax Credit (ITC). Multiple responses confirmed that the GST rate is 5%. It was noted that this rate applies if the GTA has not claimed any ITC. The consensus among the participants was that the receiver's tax rate remains 5%. (AI Summary)