A person is doing business of arranging trucks from market and supplying to a GTA. GTA is using these vehicles in transporting of goods from a company. GTA is issuing consignment note (bilty) to the company & charging GST from company. GTA is transferring the amount received from company to the person supplying trucks (after deducting his commission) & the person is making payment to the truck owners. What will be the GST liability in this case?
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Gst liability
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You are liable to registration if the aggregate amount of commission received by you in a financial year exceeds Rs. 20 lakh (Rs. 10 lakh in special category States except J & K
GST rate is 18℅
But if you are Transporter & giving transportation hiring to a GTA are exempt from tax vide entry no. 22 of Notification no. 12/2017-Central Tax (Rate) dated 28th June, 2017.
GST rate is 18℅
But if you are Transporter & giving transportation hiring to a GTA are exempt from tax vide entry no. 22 of Notification no. 12/2017-Central Tax (Rate) dated 28th June, 2017.
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