Please suggest what will be the impact of GST on Freight Charges, paid for purchasing of Trading goods for business.
Business dealing in "Nil rated" tax under GST and proprietorship business.
Due to Nil rated tax slab, not taken registration as per law.
What will be GST impact on such Freight Charges paid.
In case of Trasnportation service provided by Supplier of Goods, same will be treated as Mix / Composite supply (if single price is decided ) and according GST rate will apply as follows,
1) In case of Trasnporatation service is treated as composite supply, rate of GST willl be as per rate of priciple goods supplied.
2) in case of Mix supply, rate of GST will be highest rate applicable to the goods supplied (where goods contains multipl rates).
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