Transportation charge under gst

This query is : Open

bikash rai (Querist)
Follow

13 August 2017 Dear sir

Purchase goods from reg dealer through transport and I pay transportation charge around rs.75000/-against a transaction. But transpoter (Not GTA) did not issue any invoice or consignment note or any money receipt . And dealer also mention SELF TRANSPOTATION in this tax invoice.in this case what will I do? Can I put this expenses in my P & L A/C ?

Please reply as early as possible
Thanks in advance

CA Suresh Jain

CA Suresh Jain (Expert)
Follow

13 August 2017 Transportation of Goods by road other than by GTA and courier is exempted.
N Jain
group.blr@gmail.com

RAJA P M

RAJA P M (Expert)
Follow

13 August 2017 @ N Jain.,
Your answer is under GST....
But, Income Tax view...?!

CA Suresh Jain

CA Suresh Jain (Expert)
Follow

14 August 2017 View is for GST only. For income tax the expenses are allowed, applicable TDS to be deducted, there has to be proper supporting for transportation and payment.

Message likes : 1 times

bikash rai

bikash rai (Querist)
Follow

14 August 2017 What percent TDS will be deducted and under which section ?

CA Suresh Jain

CA Suresh Jain (Expert)
Follow

15 August 2017 Please refer section 194C of Income Tax act.

bikash rai

bikash rai (Querist)
Follow

15 August 2017 Dear sir
I include handling charge(18%) also in my invoice.but when I purchase the dealer make invoice taking handling charge without gst. In this case my tax liability become huge. Please sir suggest what to do to avoid this difficulty..

Thanking you in advance

Thanking you sir in advance.

bikash rai

bikash rai (Querist)
Follow

RAJA P M

RAJA P M (Expert)
Follow

15 August 2017 You are correct method... If you add any charges in your invoice then you can calculate tax in that charges..... (my tax liability become huge? How is it?) You collect Tax from other hand. and forward to govt. We all are follow govt rules)

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now