Gta on freight
This query is : Resolved
15 July 2017
one of our supplier charge a freight charges Rs. 2500 along with material then calculate the SGST and CGST @ 18 % . on gross invoice value.
now question is we have to tax 5 % GTA on those freight charges rs. 2500 .
and we have to show freight charges in separate head ?
now question is we have to tax 5 % GTA on those freight charges rs. 2500 .
and we have to show freight charges in separate head ?
15 July 2017
As Per Sec 15 of CGST Act 2017, Value of Supply for GST purpose includes taxes, duties, packing, transportation, incidental exp. etc.Further, if the transportation of material was within the scope of supplier, it will be treated as Composite Supply. As such GST rate of principal item will be applicable i.e 18%
17 July 2017
Person who makes payment directly to GTA will GST of 5%
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 2 Short Term gain & Long term gain
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR 1: Details for showing Exempt Income
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
