We have Manufacturing Company (Pvt Ltd). We purchase our Raw materials from another manufacturing company. They send materials to our factory by their own trucks.
They issue two type of Invoice one is Materials Invoice and another is Freight Invoice.
Now Question is:
Q1/ Can a manufacturing company issued separate Freight Invoice? Is manufacturing company fall under GTA service Provider?
Q2/ What will be the rate of GST on freight Charge?
Q3/ Can we take ITC from Freight Bill?
Q4/ is RCM applicable for me?
Please Guide me
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Freight bill
Replies (2)
Quick Summary
1. a) Yes... If he is registered then service in GST portal...
b) I think he not GTA...
2. Exempted.
3. If he is charging GST for the freight then You can claim ITC...
4. No... If as per 1(b) reply...
additions : ask the company if they are acting as GTA...
b) I think he not GTA...
2. Exempted.
3. If he is charging GST for the freight then You can claim ITC...
4. No... If as per 1(b) reply...
additions : ask the company if they are acting as GTA...
1. Yes can issue Separate invoice for freight. but if freight invoice issued is Exempted or Rate charge therein is less than principal supply (raw material) , the officer can issue notice for evading tax . In my view it's ancillary services shall included in the bill in which principal supply is made.(Refer Section 8 CGST Act)
2. It's Exempted in term of Notification
12/2017 CT(r)
3. Yes if GST being charged.
4. No RCM
2. It's Exempted in term of Notification
12/2017 CT(r)
3. Yes if GST being charged.
4. No RCM
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