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Reverse charge on transportation
Helloooooo Mr. Naga Raju.,
Are you replied to this query or any other query and replied wrongly here....??!!!
Helloooooo Mr. Naga Raju.,
Your view only to Transporter. Not to service recipient.... Consider your reply once again.
yep mr.raja service recepient shuld pay under RCM.... @ 5%
I still don't get services by way of transportation is exempted...?? What does it mean...??
Some are saying if you collect freight charges then it is exempt..
How to report it in gstr1 and 3b then.?
Suppose I sell item worth 1lakh and 5% Gst is 5,000 and and then i need to charge friehht of 10,000.. total bill is 1L+5k+10k= 1.25L.... is is right.. how it will be reported.?
I still don't get services by way of transportation is exempted...?? What does it mean...?? Some are saying if you collect freight charges then it is exempt.. How to report it in gstr1 and 3b then.? Suppose I sell item worth 1lakh and 5% Gst is 5,000 and and then i need to charge friehht of 10,000.. total bill is 1L+5k+10k= 1.25L.... is is right.. how it will be reported..??
@ Mr Harsh.,
If you are charge the freight in Your invoice then GST will be charge in the freight and the rate is based on Your principal supply...
Then you ll prepare invoice as 1L + 10k (freight) = 1.10L (x) 5% = 115500/-
Total Invoice value Rs 115,500....
i am having transport bill of company of Rs 10000 and rto has charged Rs 10000 rto receipt of Rs 10000 is there so total freight bill comes to Rs 20000
i am paying gst @ 5% on Rs 20000 under reverse charge and deducting tds @ 2% on Rs 10000
is it right
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