What is the tax rate for Goods Transport Agency (GTA)? Whether input credit can be availed by GTA?
Tax rate of GTA is 5% and input credit is not available.
Services provided by Goods Transport Agency or GTA are divided into 2 categories and both are taxed at 5%.
- Services of goods transport agency (GTA) in relation to transportation of goods [other than used household goods for personal use] - Taxed at 5% without ITC (Input Tax credit)
- Services of goods transport agency in relation to transportation of used household goods for personal use. - Taxed at 5% without ITC (Input Tax credit)
Further it should be noted that service received from a GTA falls under Reverse Charging and tax is to be paid by service recipient.
Yes Tax rate on GTA is fixed at 5% without Input Tax credit.
There is no clarity on whether Tax will be on RCM basis or not.
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