Sunil Manohar (8 Points)
27 July 2018Helllo All,
We are a startup planning to start Good transport Service(Providing Vehicle without labour for Materials transfers) to our few clients at market rates. Need to register GST to establish as a Service provider in Market. Kindly guide which HSN is cost saving.
Some refers to go under GTA with Reverse Charge mechanism.
Kindly guide us for GST Registration.
Thanks in advance.
CA Manish Jha
(115 Points)
Replied 27 July 2018
Sunil Manohar
(8 Points)
Replied 27 July 2018
rcm means Reverse charge mechanism ??
Most of the similar service providers and client is under GTA with Reverse Charge Mechanism under 996791 HSN
If I collects 5% do I need to pay any extra while paying tax or only actuals to be paid
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 28 July 2018
As per Notification 5/2017 CT
GTA are exempt to obtain Registration in GST as their service fall under section 9(3)
As per Notification 13/2017 GTA services are under RCM , means recepient is liable to deposit GST.
Note : if the Recepient is URD then GTA services provided them are Exempted
As per notification 22/2017
GTA can avail ITC on in his inward supply only if he charge 12% forward charges & recepient is also allowed to take ITC for on same
As per notification 11/2017 if GTA charge 5% then recepient is liable to do RCM & has to deposit GST @ 5% , can take ITC for the same
If you do not registered As GTA , then as per notification 12/2017 Your services as Transporter is exempted
Sunil Manohar
(8 Points)
Replied 28 July 2018
Which is advisable, Shall we register in GTA or Anyother HSN.
Most of the other transporters are registered under GTA and they says they will claim Input tax for future asjustments.
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