Foreign company

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....oreign company<br> Query (Issue) Started By: - Rajagopalan Sundaram Dated:- 11-12-2018 Last Reply Date:- 26-12-2018 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>GTA provides services of transportation in India to a foreign company My questions are 1) what is the rate of gst to be charged . Pls confirm my understanding it is IGST.As foreign company has no GSTiN , how do GTA proceed i....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....n this regard. 2) Trucks for the above job were hired from URD transporter, hence rcm is payable by GTA which is 5 % . Can GTA take ITC for the same Thank you Reply By KASTURI SETHI: The Reply: Reply to Query No.1 : Transported goods are to be consumed in India. You are covered under Section 12(8)(b) of IGST ACT, 2017. Under Forward Charge Mechanism rate is 12% (6% + 6%).. You can take ITC if ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....you pay 12%. You will have to opt for working under FCM in the beginning of Financial Year. Reply to Query No.2 (Hiring Vehicle is exempted as per Notification given below:- Notification No.12/17-Central Tax(Rate) dated 28.6.17 22 Heading 9966 or Heading 9973 Services by way of giving on hire - (a) to a state transport undertaking, a motor vehicle meant to carry more than twelve passengers;....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... or Rate Nil Condition Nil (b) to a goods transport agency, a means of transportation of goods. NIL for (b) also Reply By Ganeshan Kalyani: The Reply: The Service of giving on hire of vehicle to goods transport agency is exempted. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: I endorse the views of Shri Sethi. Reply By Rajagopalan Sundaram: The Reply: Dear Mr Sethi Thank you very m....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....uch. As regards query no 1-. GTA has been charging on RCM and for FCM we hv to wait till next FY. In this case since GTA has already performed the services what will be the rate .<br> Discussion Forum - Knowledge Sharing ....