if material cost is 4 lakh and attracts 18% gst and freight cost is 20 thousand then during invoicing would freight also attract 18% gst. if transporter is unregistered
then what is the hsn code for freight in my books and gst rate?
What is the hsn code and gst rate for tempo freight?
Replies (1)
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HSN/SAC Code: 9965.
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Tax Treatment: If the freight is part of your goods invoice, it follows the rate of the goods (18%). If it is a separate service provided by a non-GTA transporter, it is generally exempt. If it is provided by a GTA, you must determine if RCM applies (typically 5%).
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