Menu
query about rate % of GST
sir , I m in transportation business . we r registered in service tax n we will be charged 4.5% service tax on full freight . now I m migrated in GST n what will the rate% of GST charged om full freight
Replies (5)
5% for GTA and pay by consignor or consignee as RCM
5% for GTA and pay by consignor or consignee as RCM
sir, what is hsn code for transporter n meaning of hsn code
5% will be the rate of GST and no input tax credit will be available.
It is a classification of goods and services. The HSN structure contains 21 sections, with 99 Chapters, about 1,244 headings, and 5,224 sub-headings. The first two digits represent section, next two chapter, next two heading and last two sub-heading.
Transport of goods is a service so SAC (Service Accounting Code) will apply instead of HSN. Following are the SAC codes
| 996511 | Road transport services of Goods including letters, parcels, live animals, household & office furniture, containers etc by refrigerator vehicles, trucks, trailers, man or animal drawn vehicles or any other vehicles. |
| 996512 | Railway transport services of Goods including letters, parcels, live animals, household & office furniture, intermodal containers, bulk cargo etc |
| 996513 | Transport services of petroleum & natural gas, water, sewerage and other goods via pipeline |
| 996519 | Other land transport services of goods n.e.c. |
Recent Threads
- Missed Deadline of Form 10AB. What Should be next
- Rural land near mining zone
- Partners rental income
- Donation deduction in ay 22-23
- ITR Filing for NRI (Dubai) – TDS u/s 194H &a
- CA Final Group 1 Exam - AFTER A LONG GAP
- What accounting software works best for small busi
- Accumulated amount received from pf account
- Sec.10 (10D) Tax Benefit not available to PaidUp p
- Seeking your expert view on GST return disclosure
Related Threads
CAclubindia
