A is a manufacturer, having some commercial vehicles and machinery,which is used for production and delivery of his item. A sales his item to B, @ 1000/-. The rate 1000/-is including carrying charge( ic goods @ 900/-& carrying charge from plant to B 100/-). A deliver his items by his own vehicle, sometimes by hired vehicle and issues challan. In both cases, no consignment note is issued,neither the consignment value exceeds 30000/-. The item taxed as 5% in gst. Now the issue is,
(1) whether the carrying charges are also taxable?
(2) If so, then what is the gst rate of carrying charge in this case?
(3) or, the charge is exempted as, no consignment note is issued here, means GTA criteria is not fulfilled.
Menu
Gst on carrying charge
Replies (5)
YES AS PER NOTIFICATION 22 CT (RATE) TRANPORTATION SERVICES ARE EXEMPTED , SO NO NEED TO CHARGE GST ON THAT, BUT ADVISABLE TO MAKE SEPARATE BILL FOR TRANSPORT CHARGES
1. Yes... It's taxable if it's added in Invoice.
2. The GST rate is Your principle Supplies rate...
3. No... It's taxable if You are added in Your invoice.
2. The GST rate is Your principle Supplies rate...
3. No... It's taxable if You are added in Your invoice.
Thanks a lot sir, but what about, if carrying charge is mentioned separately in the same invoice and do not charge GST
Thanks a lot sir, but what about, if carrying charge is mentioned separately in the same invoice
Thanks a lot sir, but what about, if carrying charge is mentioned separately in the same invoice and do not charge GST
Recent Threads
- Purchase and sales of Shares entry in Tally
- Where to know latest GST HSN Codes and their Rates
- Hsn code and rate cnsl crude oil
- Clarification required on taxation of income from
- Pension Income up to Rs.1,66,250 per month equal t
- Reappointment of Managing Director in a private li
- VAT deducted by Saudi company
- RCM doubt please clarify
- Should open NRO account?
- Which IT section applicable for cash transaction i
Related Threads
CAclubindia
