Transport intermediary gst liability
kumar (student) (248 Points)
04 May 2020my friend is engaged in transportation business he is an intermediary (hire vehicle from one person and provide the same to his service receipent) and a registered dealer under gst.
he is charging 5% gst from his recipients/clients and paying the same 5% to his vehicle supplier
now my questions are
1.is he following correct procedure by collecting 5% ?(a registered GTA )
he wants to claim itc as well
2. how much tax should he collect 5%or 12% ?