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
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.
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
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 ???
CAclubindia
