GST ON FREIGHT INCOME

319 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

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details