GST ON FREIGHT INCOME

J.SINGH (ACCOUNTANT) (61 Points)

17 December 2020  

DEAR SIR

 

I AM IN BUSINESS OF SALE / PURCHASE OF  FUEL OIL AND REGISTERED WITH GST. NOW THE ISSUE IS THIS A APART OF MY FUEL TRADING  I PURCHASE A COMMERCIAL VEHICLE FOR OWN USE BUT  I HAVE STARTED USING MY THIS VEHICLE FOR THE TRANSPORTATION OF GOODS FOR OTHER PARTIES AND I EARN FREIGHT INCOME AND I HAVE SHOWN IN BOOKS AS FRIGHT INCOME.

MY CA SAYS THAT IT COMES UNDER GST AND YOU HAVE TO DEPOSIT THE GST ON FREIGHT INCOME.AS I AM NOT A TRANSPORTER NOR ISSUE ANY BELTY TO CUSTOMERS SO HOW THE GST IS APPLICABLE ON FREIGHT INCOME.

KINDLY RESOLVE THIS MATTER

THANKING YOU

DEAR SIR

 

I AM IN BUSINESS OF SALE / PURCHASE OF  FUEL OIL AND REGISTERED WITH GST. NOW THE ISSUE IS THIS A APART OF MY FUEL TRADING  I PURCHASE A COMMERCIAL VEHICLE FOR OWN USE BUT  I HAVE STARTED USING MY THIS VEHICLE FOR THE TRANSPORTATION OF GOODS FOR OTHER PARTIES AND I EARN FREIGHT INCOME AND I HAVE SHOWN IN BOOKS AS FRIGHT INCOME.

MY CA SAYS THAT IT COMES UNDER GST AND YOU HAVE TO DEPOSIT THE GST ON FREIGHT INCOME.AS I AM NOT A TRANSPORTER NOR ISSUE ANY BELTY TO CUSTOMERS SO HOW THE GST IS APPLICABLE ON FREIGHT INCOME.

KINDLY RESOLVE THIS MATTER

THANKING YOU