Gst in transport agent
This query is : Resolved
kamlesh parmar
(Querist)
23 September 2017
Hi,
Iam a transport commission agent. I arrange vehicles from sub brokers or lorry owners attached to me and supply the vehicles to transporters (GTA).
The transporter pays me the freight agreed. I inturn make the payment to sub broker or lorry owner against a cut or commission.
Let's say I hired a vehicle for 25000/- from a sub broker / lorry owner and supply to a GTA for 27000/-. The transporter pays me and I pay the sub broker / Lorry owner.
So I earn 2000/- which is my commission income.My query is will the 27000/- amount be considered my turnover or not & we payment on hired vehicle we are pay reverse charges .
Please reply ASAP.
Hi,
Iam a transport commission agent. I arrange vehicles from sub brokers or lorry owners attached to me and supply the vehicles to transporters (GTA).
The transporter pays me the freight agreed. I inturn make the payment to sub broker or lorry owner against a cut or commission.
Let's say I hired a vehicle for 25000/- from a sub broker / lorry owner and supply to a GTA for 27000/-. The transporter pays me and I pay the sub broker / Lorry owner.
So I earn 2000/- which is my commission income.My query is will the 27000/- amount be considered my turnover or not & we payment on hired vehicle we are pay reverse charges .
Please reply ASAP.
CA R SEETHARAMAN
(Expert)
23 September 2017
Hiring of vehicles to GTA is exempt from GST. No need to pay GST under reverse charge. For your commission GST applicable at 18% if it exceeds 20 lacs per year.
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