Tax implication in hands of transporter under GST regime
This query is : Resolved
26 February 2020
Sir / Madam,
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.
Looking to hear you soon
Jignesh Kapadia
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.
Looking to hear you soon
Jignesh Kapadia
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.
Message likes :
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27 February 2020
Transportation of goods other than GTA is exempted under GST
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