A truck owner provides some of his trucks to GTA and receives freight charges from him and some of his trucks used by him for transportation of goods by issuing consignment note by him.
In my opinion
In 1st case truck owner is not liable to pay tax considering entry no 22 of exemption list.
In 2nd case he pays tax on FCM basis using ITC. and whether the option is available for him to issue rcm invoices.
whether it is correct treatment? truck owner can use both ways for computing gst liability.
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GTA and truck owner liability
Replies (2)
As per your Query Truck owner is GTA (Issuing Cosignment Note)
So yes in First case it's Exempted supply (Notification 12/2017 CT rate)
No once he has opted for FCM he cannot issue invoices under RCM.
So yes in First case it's Exempted supply (Notification 12/2017 CT rate)
No once he has opted for FCM he cannot issue invoices under RCM.
Thanks
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