Go AD-FREE with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

GST on Truck owner registered under gst

1237 views 3 replies

Tanishk Tayal

3 Points Joined September 2022

I own a truck which is registered on my firm's name and I provide my truck to transporter's for transportation of goods of other parties so I want to know, Is there any liability to pay gst on the freight which I receive from the transporters or directly from the parties?
My ca is saying that I have to pay gst on every freight which I receive.
I don't even make consignment notes I just provide my truck to transporter's.

Replies (3)

Ranjeet Singh

Corporate Law Matters & Taxation

565 Points Joined November 2017

Yes 5% gst without ITC, 12% with ITC.

Tanishk Tayal

3 Points Joined September 2022

But I have read somewhere that Such income is exempt vide Entry No. 22 of Notification Number 12/2017-Central Tax (Rate), dated 28th June, 2017. "Services by way of giving on hire – (a) to a state transport undertaking, a motor vehicle meant to carry more than twelve passengers; or (b) to a goods transport agency, a means of transportation of goods."

Read more at: https://www.caclubindia.com/forum/gst-on-truck-owner-499175.asp