GST IN CASE OF TRANSPORTATION
This query is : Resolved
Quick Summary
16 February 2023
MR . A PROVIDES SERVICE FOR SALE OF PETROL & DIESEL AND HAVE ITS OWN TRUCK FOR TRANSPORTATION OF DIESEL & PETROL.
THE COMPANY FROM WHOM MR. A PURCHASES PETROL, USED TRUCK OF MR . A TO PROVIDE SERVICE OF TRANSPORTATION OF PETROL TO THIRD PARTY AND RAISE INVOICE IN THE NAME OF COMPANY AND REIMBURSED SOME MONEY TO MR . A
SINCE MR. A RECIVED MONEY FROM THE COMPANY , IS HE LIABLE FOR PAYMENT OF GST ?
IF YES UNDER RCM OR FCM ?
THE COMPANY FROM WHOM MR. A PURCHASES PETROL, USED TRUCK OF MR . A TO PROVIDE SERVICE OF TRANSPORTATION OF PETROL TO THIRD PARTY AND RAISE INVOICE IN THE NAME OF COMPANY AND REIMBURSED SOME MONEY TO MR . A
SINCE MR. A RECIVED MONEY FROM THE COMPANY , IS HE LIABLE FOR PAYMENT OF GST ?
IF YES UNDER RCM OR FCM ?
17 February 2023
Yes, liable under FCM.
17 February 2023
BUT WHAT ABOUT TAX PAID BY COMPANY FOR SALE OF PETROL WHICH ALSO INCLUDES DELIVERY CHARGES ?
17 February 2023
It's VAT paid on sale of petrol no ITC can be claimed under GST.
18 February 2023
company make sales invoice to third party ( petrol + delivery charges ) and paid VAT on it - correct .
Q.) now we as a owner of truck for giving our truck (transport services) to company to make delivery of goods, are liable for payment for GST ?
in my point since the company is registered under GST has to pay GST . for using our truck on the basis of RCM.
whether my point of view is correct ?
Q.) now we as a owner of truck for giving our truck (transport services) to company to make delivery of goods, are liable for payment for GST ?
in my point since the company is registered under GST has to pay GST . for using our truck on the basis of RCM.
whether my point of view is correct ?
18 February 2023
Yes, right.
GST not applicable on such transport it's exempt.
GST applicable on GTA transport only.
RCM also not applicable.
GST not applicable on such transport it's exempt.
GST applicable on GTA transport only.
RCM also not applicable.
18 February 2023
thanks for clearing my doubt
18 February 2023
You are welcome...
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