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What is gst on transport business

230 views 2 replies

Imran

MD/CEO

33 Points Joined July 2012

Dear Members,

Can anyone explain what is the GST on Transportation Business. I am having 2 Trucks (40' Trailers) for Conatiner movement and running the business from Last 2 years as a Propreitor with an annual revenue less than 20 Lacs. I use to submit a normal trasnport bill to the companies before, so how should i raise the transport bill now, with GST ? do i need to register for GST as my turnover is less than 20 lacs.. if GST than how much % i need to charge the companies for transportation.

Please suggest.

Thanks

Replies (2)

SUPRIYA

PRACTICE

853 Points Joined April 2014

Well as your turnover is below Rs 20 lacs yo do not need to register in GST ( though there is an option for voluntary registration if to wish to). If you do not register you charge fright chages and shall issue bill of supply only. No need to charge any GST in bill of supply. Companies will be liable to pay GST on reverse charge to goverment on frieght paid by them.