Liable to pay gst by transporter
megha Aggarwal (157 Points)
01 July 2021
if a transporter have gat no then is he liable to deduct gat and pay
3 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 01 July 2021
If such transporter is a GTA, then not required to collect and pay GST because RCM provisions would kick in. If not GTA and registered under GST, then GST to be collected under forward charge and paid to the govt (in case of taxable services).
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 01 July 2021
If a transporter has GST Number then he can opt either to pay tax @ 12% and claim ITC or he can opt not to claim ITC and then RCM will be paid by recipient.
Only one choice can be made. Therefore it is not necessary that if GTA has GST registration then he has to collect GST. He has both the option
veerendar singh
(tax consultant)
(3301 Points)
Replied 01 July 2021
Depends upon whether the transporter has opted for 5% tax scheme or 12% tax.
if it has opted for 5% tax scheme then he would not pay any tax. the person paying freight will hav to pay tax under rcm.
the transporter must indicate this in his bill-t or in any other manner. if the status of transporter is not known then it is recommended to first get the relevant information from transporter and only then file your return.
if it has opted for 5% tax scheme then he would not pay any tax. the person paying freight will hav to pay tax under rcm.
the transporter must indicate this in his bill-t or in any other manner. if the status of transporter is not known then it is recommended to first get the relevant information from transporter and only then file your return.
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