Pls. elaborate what would be GST burden in case of freight income invoice raised by transporter. Whether transporter has to collect GST and paid it to govt. or it comes under purview of RCM.
27 February 2020
In case, the transporter is GTA ( issues consignment note), he has an option to collect GST under forward charges @ 12% and pay to the Government. Otherwise, he can charge @ 5% and the recipient of the services need to pay tax under RCM.
CAclubindia
