Goods Transport Agency Taxability under GST
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Services by way of transportation of goods by road except the services of
i) a Goods Transport Agency
ii) a courier agency
are exempt from GST.
To qualify as services of GTA, the GTA should be necessarily issuing consignment note.
Moreover, in cases where the service of GTA is avialed by the specified categories of person in the taxable territory, the recipients who avial such services are the ones liable to pay GST and not the supplier of services unless the GTA opts for collecting and paying taxes @ 12% (6% cgst and 6% sgst). In all other cases where the GTA services is availed by persons other than those specified, the GTA service suplliers is liable to pay GST. The GTA service supplier is not entitled take ITC on input services availed by him if tax is being charged @ 5%(2.5% cgst and 2.5% sgst).
CA Nitin Sharma
Category : GST | Comments : 2 | Hits : 1077
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Comments
Pulkesh Gupta
16-May-2018 , 03:17:21 amSir If one GTA provide service to another GTA then there is my two question 1. Whether RCM Rule will be applicable or not 2. If yes then GTA who pay GST under RCM can claim such amount as a input credit or not
Pulkesh Gupta
16-May-2018 , 03:18:52 amSir If one GTA provide service to another GTA then there is my two question 1. Whether RCM Rule will be applicable or not 2. If yes then GTA who pay GST under RCM can claim such amount as a input credit or not Regard CA Pulkesh Gupta my mail id is pulkesh30jan@gmail.com