GST IN CASE OF TRANSPORTATION

This query is : Resolved

Suresh S. Tejwani (Querist)
Follow

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 ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

17 February 2023 Yes, liable under FCM.

Suresh S. Tejwani

Suresh S. Tejwani (Querist)
Follow

17 February 2023 BUT WHAT ABOUT TAX PAID BY COMPANY FOR SALE OF PETROL WHICH ALSO INCLUDES DELIVERY CHARGES ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

17 February 2023 It's VAT paid on sale of petrol no ITC can be claimed under GST.

Suresh S. Tejwani

Suresh S. Tejwani (Querist)
Follow

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 ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

18 February 2023 Yes, right.
GST not applicable on such transport it's exempt.
GST applicable on GTA transport only.
RCM also not applicable.

Suresh S. Tejwani

Suresh S. Tejwani (Querist)
Follow

18 February 2023 thanks for clearing my doubt

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

18 February 2023 You are welcome...
..

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

George Innocent

SUBHASH SAHA

Narendra

Krishnaveni karur

KRK

Subscribe Now

GST IN CASE OF TRANSPORTATION

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

CA Final

Manager- Finance and Compliance

GST CONSULTANCY

GST CONSULTANT

Accountant