GST TREATMENT OF TRANSPORT
This query is : Resolved
07 February 2020
Hi
One of my client related to transportation(Sales purchase of transport vehicle) wanna to take gst no.Please guide what will be treatment of gst on same.Whether will cover in Taxable or exempted supply under gst?
Thanks
One of my client related to transportation(Sales purchase of transport vehicle) wanna to take gst no.Please guide what will be treatment of gst on same.Whether will cover in Taxable or exempted supply under gst?
Thanks
07 February 2020
The sale and purchase of transport vehicles is not an exempted supply under GST. Depends on his aggregate turnover, he can take GST registration under composition or normal.
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08 February 2020
Thanks for reply. Further one more query if client owned his own transport for carrying goods from one place to another then then it will taxable with 12% gst with input Tax credit and 5% without input credit.Pls guide will it be correct treatment?
08 February 2020
As per GST Law 2017, there is no GST payable on Services by way of transportation of goods by road except the services of a goods transportation agency.
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