Transportation

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This query is : Resolved

rakesh (Querist)

05 October 2017 Hi,

Iam a transport commission agent. I arrange vehicles from sub brokers or lorry owners attached to me and supply the vehicles to transporters (GTA).

The transporter pays me the freight agreed. I inturn make the payment to sub broker or lorry owner against a cut or commission.

Let's say I hired a vehicle for 25000/- from a sub broker / lorry owner and supply to a GTA for 27000/-. The transporter pays me and I pay the sub broker / Lorry owner.

So I earn 2000/- which is my commission income.My query is will the 27000/- amount be considered my turnover or not.

Please reply ASAP.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

06 October 2017 As you are a transport commission agent, 2000/- which is your commission income. will be considered as your turnover

Message likes : 1 times

rakesh

rakesh (Querist)

07 October 2017 Sir what will gst applicability

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

07 October 2017 GST applicable if such commission received in a year exceeds 20 lacs.

rakesh

rakesh (Querist)

07 October 2017 Sir my client take business from customer and a pass it to transport company.
What will gst applicability.
And how can he genrate invoice

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