ABOUT TAX PERCENTAGE
Naresh Sivvarapu (15 Points)
19 January 2021
what is the tax rate on local goods transportation by road?
1 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 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
-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
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