shobhit (Artical Executive) (115 Points)
05 September 2017
Please clarify --
1) The FREIGHT charges should show separately or have to include in the item rate ?
2) In a GST meeting heared that upto Rs.5000/- FREIGHT charges no GST TAX applicable and
if more than Rs.5000/- applicable. Is it correct ?
and how to show in form 3b and GSTR-1
if taxable amount 5000
CGST & SGST @ 18% 900
Freight 500
Total invoice value 6400
vikas pandey
(CAFINAL)
(93 Points)
Replied 05 September 2017
1. The limit of Rs 5000/- is not applicable for GTA.
2. GTA service is covered under Reverse chagre and receipient is liable to pay tax.
As per my Opinion ( Currently doing in office):-
If taxable amount 5000
Freight 500
CGST & SGST @ 18% 900
ON Freight (higher rate 28% given in that invoice) 252
Total invoice value 6652
How to show in GSTR-1:- Under Sheet "HSN"
Ans:- Include in HSN code having Higher rate of CGST.
IF you have further doubt, contact me vikkaspandey86 @ gmail.com
shobhit
(Artical Executive)
(115 Points)
Replied 06 September 2017
but i am not talking about GTA i am talking about normaly freight amount which is delivered by the owner on own sake via bike, car, rikshaw or through unregister transporter and charged amount in the bill after the tax amount
what would be the exemption limit of the freight under gst if the amount charged by the supplier not by the gta
shobhit
(Artical Executive)
(115 Points)
Replied 06 September 2017
but i am not talking about GTA i am talking about normaly freight amount which is delivered by the owner on own sake via bike, car, rikshaw or through unregister transporter and charged amount in the bill after the tax amount
what would be the exemption limit of the freight under gst if the amount charged by the supplier not by the gta
u have charged further 28% on GST Amount not on freight ?
in the GTA only Recipient liable to GST @ 5% if Recipient is registered otherwise transporter have to pay @ 5% and it is not eligible to get ITC but if transporter want to get ITC than the GST rate will be @ 18% according to my knowledge
if i am wrong so please correct me and help me to upgrade my knowledge
and solve my query
thank you Vikas Panday
CAclubindia
