GST ON FREIGHT INCOME

RCM 114 views 2 replies

DEAR SIR

 

I AM IN BUSINESS OF SALE / PURCHASE OF  FUEL OIL AND REGISTERED WITH GST. NOW THE ISSUE IS THIS A APART OF MY FUEL TRADING  I PURCHASE A COMMERCIAL VEHICLE FOR OWN USE BUT  I HAVE STARTED USING MY THIS VEHICLE FOR THE TRANSPORTATION OF GOODS FOR OTHER PARTIES AND I EARN FREIGHT INCOME AND I HAVE SHOWN IN BOOKS AS FRIGHT INCOME.

MY CA SAYS THAT IT COMES UNDER GST AND YOU HAVE TO DEPOSIT THE GST ON FREIGHT INCOME.AS I AM NOT A TRANSPORTER NOR ISSUE ANY BELTY TO CUSTOMERS SO HOW THE GST IS APPLICABLE ON FREIGHT INCOME.

KINDLY RESOLVE THIS MATTER

THANKING YOU

DEAR SIR

 

I AM IN BUSINESS OF SALE / PURCHASE OF  FUEL OIL AND REGISTERED WITH GST. NOW THE ISSUE IS THIS A APART OF MY FUEL TRADING  I PURCHASE A COMMERCIAL VEHICLE FOR OWN USE BUT  I HAVE STARTED USING MY THIS VEHICLE FOR THE TRANSPORTATION OF GOODS FOR OTHER PARTIES AND I EARN FREIGHT INCOME AND I HAVE SHOWN IN BOOKS AS FRIGHT INCOME.

MY CA SAYS THAT IT COMES UNDER GST AND YOU HAVE TO DEPOSIT THE GST ON FREIGHT INCOME.AS I AM NOT A TRANSPORTER NOR ISSUE ANY BELTY TO CUSTOMERS SO HOW THE GST IS APPLICABLE ON FREIGHT INCOME.

KINDLY RESOLVE THIS MATTER

THANKING YOU

Replies (2)
On freight charge if u collect money from registered person without GST then the receiver of the service has to pay GST under Reverse Charge Basis. But of collect money from unregistered person then u have to pay GST under forward charge.
Tax rate on freight income


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