Transporter Registration
This query is : Resolved
sankar ponnan
(Querist)
23 April 2021
Sir / Mam
A transporter hires his trucks to a GTA (Private Ltd) and receives income by hire charges from GTA. His business receipts is Rs.45 lac in a financial year but faces the net loss due to depreciation for trucks.
He files the loss in his ITR.
However, he does not register his business under GST Act.
My doubts are,
Is it Correct?
Is GST registration exempted for truck owner in case of hiring?
Plz guide me
Thanks in adv
A transporter hires his trucks to a GTA (Private Ltd) and receives income by hire charges from GTA. His business receipts is Rs.45 lac in a financial year but faces the net loss due to depreciation for trucks.
He files the loss in his ITR.
However, he does not register his business under GST Act.
My doubts are,
Is it Correct?
Is GST registration exempted for truck owner in case of hiring?
Plz guide me
Thanks in adv
CA R SEETHARAMAN
(Expert)
23 April 2021
Such hire charges are exempt from GST hence no registration under GST required.
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