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Freight receipt
a registered work contractor who received freight income of his dumpers and machinery(jcb) is taxable or not?
Replies (1)
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If incidental to your contract: It is part of your works contract and is taxed at the principal supply rate (usually 18%).
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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).
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