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ABOUT TAX PERCENTAGE

Naresh Sivvarapu (15 Points)

19 January 2021

what is the tax rate on local goods transportation by road?

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CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 19 January 2021

All Transport services by road are exempt from GST except services from GTA and Courier agency

-Anyone who provides consignment note for goods delivery will be treated as GTA

-Mere Bill is not a consignment note

-5% GST rate is applicable for transportation service by GTA on RCM basis means GST is payable by recipient. (NO ITC to transporter)

-12% GST rate on forward charge basis (ITC is available to transporter)

-Services provided by GTA to unregistered person is exempt except if he adopts to pay GST on forward charge basis

-Services provided by GTA for agriculture product is exempt

-If consideration charged for single consignment is less than 1500 RS. than service from GTA is exempt

-If multiple consignment carried by transporter and consideration for single consignee not exceeds 750 RS. than service from GTA is exempt