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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. |
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