Tax category
This query is : Resolved
14 August 2018
Dear Sir,
A transporter having GST registration as his income above 20 lacs .But not charging GST on inovices. We are paying GST on the same by RCM basis.Is it correct way of billing or the transporter have to charge GST on his bill.
Need your suggestions.
Regards,
Kripesh Powar
A transporter having GST registration as his income above 20 lacs .But not charging GST on inovices. We are paying GST on the same by RCM basis.Is it correct way of billing or the transporter have to charge GST on his bill.
Need your suggestions.
Regards,
Kripesh Powar
15 August 2018
When transport takes GST. Than he has to collect and discharge GST, if Transporter N collected you can pay GST 5% RCM a GTA does not have to register under GST if he is exclusively transporting goods where the total tax is required to be paid by the recipient under reverse charge basis (and he does not intend to take the input tax credit on goods / services availed by him) (even if the turnover exceeds 20 lakhs) – Notification 05/2017 dated 19/06/2017.
12% GST with ITC (Forward Charge), or
5% GST with no ITC (Reverse Charge)
12% GST with ITC (Forward Charge), or
5% GST with no ITC (Reverse Charge)
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
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Non-Compliance documents have not been submitted by the contractors debited
- Invertaded duty struture
- FCRA 6 E- Intimation
- GST Rate for Catering Services
- EXPORT COMMERCIAL INVOICE HSN CODE
- Same demand raised for original as well as rectification request return
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
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
