GST On Transport & Bussiness
This query is : Resolved
17 December 2021
Dear sir
my client is having hardware shop and Transport Business with 1 small (12000 weight) vehicle only .
FY-2020-21 Transport business is- 8,000,00/- Not Declared in GST but Received in 26AS under 194C section
Asper U/S 44AE - 90000/- income but..
TDS is Deducted how to show in income tax Return???
now my doubt is ..weather GST Applicable on Transport business ??? or RCM ??? How to Adjust in GST for last Year ??? please suggest me sir
Thanks in Advance
Madhu M
my client is having hardware shop and Transport Business with 1 small (12000 weight) vehicle only .
FY-2020-21 Transport business is- 8,000,00/- Not Declared in GST but Received in 26AS under 194C section
Asper U/S 44AE - 90000/- income but..
TDS is Deducted how to show in income tax Return???
now my doubt is ..weather GST Applicable on Transport business ??? or RCM ??? How to Adjust in GST for last Year ??? please suggest me sir
Thanks in Advance
Madhu M
17 December 2021
GTA services are under in RCM system in GST. File ITR as per 44AE.
19 December 2021
Dear sir my client is having hardware shop and Transport Business with 1 small (12000 weight) vehicle only . FY-2020-21 Transport business is- 8,000,00/- Not Declared in GST but Received in 26AS under 194C section Asper U/S 44AE - 90000/- income but.. TDS is Deducted how to show in income tax Return??? now my doubt is ..weather GST Applicable on Transport business ??? or RCM ??? How to Adjust in GST for last Year ??? please suggest me sir Thanks in Advance Madhu M
21 December 2021
GST not applicable on transport business. In case of GTA also it's payable under RCM.
No need for adjustment in GST.
Income tax declare under section 44AE in case of income earned more than 90,000.
No need for adjustment in GST.
Income tax declare under section 44AE in case of income earned more than 90,000.
21 December 2021
Thank you sir
But in 26AS transport business income Received 8,00,000/- under Section 194C
so what to do sir ???
please Advise me
But in 26AS transport business income Received 8,00,000/- under Section 194C
so what to do sir ???
please Advise me
21 December 2021
Declare income under 44AE. GST not applicable.
22 December 2021
In GST RCM on transport will be applicable only when the transporter qualifies as GTA that is issuing consignment note.
22 December 2021
Yes, ITR 4 okay.........
26 June 2022
Good morning sir
thanks for Above suggestions and that same client purchased one more heavy vehicles can I clime ITC sir ???
thanks in Advance
26 June 2022
What for it's used..
.
.
27 June 2022
In such a case ITC can be availed if the goods transported is taxable under GST.
27 June 2022
yes sir but we are not transports the Goods Directly ..the other party will hire my lorry and he will give commission After deducting TDS ...so is GST Applicable sir ??? please Advise me
09 July 2022
Thank for your suggestion sir
For Transport Income Witch Table i have to show in GST Return
Exempted or nil Rated or no need to show .
With out showing in GST Returns Can i file in 44AE sir ???
please Advise me sir
Madhu M
For Transport Income Witch Table i have to show in GST Return
Exempted or nil Rated or no need to show .
With out showing in GST Returns Can i file in 44AE sir ???
please Advise me sir
Madhu M
09 July 2022
Show it in exempted .............
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
