RCM paid on GTA services @5% is eligible to claim ITC

[BHAVYA PETHRU]

Dear Experts,

We have been paying the Tax under RCM @5% for GTA service , whether we are eligible to take the Input tax credit of the same.

awaited for your respose

thanks & regards,

Bhavya.P

AI Summary

Eligible to Claim ITC on GST Paid Under Reverse Charge for GTA Services if Used for Taxable Supplies. A participant in a discussion forum inquired about the eligibility to claim Input Tax Credit (ITC) for Goods and Services Tax (GST) paid under the Reverse Charge Mechanism (RCM) at 5% for Goods Transport Agency (GTA) services. Three experts responded, confirming that the participant is eligible to claim ITC on the tax paid under RCM for GTA services, provided the service is used in providing taxable supply. The responses unanimously affirmed the participant's eligibility to claim ITC in this context.