Menu
Freight receipt
a registered work contractor who received freight income of his dumpers and machinery(jcb) is taxable or not?
Replies (1)
-
If incidental to your contract: It is part of your works contract and is taxed at the principal supply rate (usually 18%).
-
If billed as a separate GTA service: You can opt to pay 5% (no ITC) or 18% (with ITC) under Forward Charge, or let the recipient pay 5% under Reverse Charge (if they are a registered business).
Recent Topics :
- Capital gains incidence due to bonus shares
- Amendment of Object Clause of Memorandum
- How Can I Request a Refund for an Accidental Airte
- TDS on salary paid in cash
- YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
- Last Date To Fill ITR For Non-Audit Case
- Guidance Required on Filing Fresh Registration und
- IT Return Refund Status AY 2026-27
- Clarification Regarding Income Tax Demand Notice
- Online PAN Download: Check How?
Related Topics :
CAclubindia
