ELIGILIBILITY OF ITC ON GST PAID ON GTA BY END USER @5 %

ELIGILIBILITY OF ITC ON GST PAID ON GTA BY END USER @5 % https://www.taxtmi.com/forum/issue?id=116337 Recipients may claim Input Tax Credit for GST paid under reverse charge on Goods Transport Agency services, provided they comply with statutory input restrictions and prescribed procedures. If the GTA charges and deposits tax on its outward supply at the higher rate, recipients may claim ITC in the normal course. The notification's restriction that the supplier has not taken input credit applies to the supplier and does not prevent the recipient from availing ITC under RCM. en-us Sat, 30 May 2020 13:31:56 +0530 Thu, 23 Jan 2025 15:54:44 +0530 TaxTMI RSS Generator ELIGILIBILITY OF ITC ON GST PAID ON GTA BY END USER @5 % https://www.taxtmi.com/forum/issue?id=116337 Recipients may claim Input Tax Credit for GST paid under reverse charge on Goods Transport Agency services, provided they comply with statutory input restrictions and prescribed procedures. If the GTA charges and deposits tax on its outward supply at the higher rate, recipients may claim ITC in the normal course. The notification's restriction that the supplier has not taken input credit applies to the supplier and does not prevent the recipient from availing ITC under RCM. Discussion-Forum GST Sat, 30 May 2020 13:31:56 +0530 https://www.taxtmi.com/forum/issue?id=116337