Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

Rate of tax regarding

12 July 2021

one registered person supply palm oil by his own vehicles, what is the rate of tax of transporation charges, is must show transportation charges in invoice?

Reply
Follow
Share

4 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 12 July 2021

Whether it will be treated as GTA so 5% without ITC and 12% with ITC can be claimed

Upgrade to CAclubindia Pro. Subscribe Now!

nukanaboina maruthi (149 Points)
Replied 12 July 2021

Is it xomes under conposite supply and transportation charges attracts 5%. and in invoice how to mention it

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 12 July 2021

If transportation charges is added in invoice , the. rate is rate of principal supply. Means you have to charge GST rate same as of palm oil

Balamurali Unnithan MS (STUDENT) (1631 Points)
Replied 14 July 2021

It's become a mixed supply, so charge the higher rate of the product or issue a separate invoice with 18% or 5%.

Recent Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

Trending Online Classes

3 Days Certification Course on Tax Audit Under Income Tax Act 1961

CA Pratibha Goyal

Enroll Now

05 August 2024
Live class on PF & ESI Enrollment & Returns Filing(with recording)

Mr.Balamurugan Ranganathan

Enroll Now

26 July 2024
Live Course on Practical GST Filing with Expert Legal Insights

Sachin Jain

Enroll Now

26 July 2023

view all classess

Let's Talk Money: You've Worked Hard for It, Now Make It Work for You

Click here for more bestsellers

Subscribe to the latest topics :

Search Forum:

Forum Home

Popular Threads