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)
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