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?
1 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 05 April 2019
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.
Recent Topics
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
Related Threads
CAclubindia
