sona1 (MANAGER) (365 Points)
28 September 2021Our Company delivered Product to party by UNREGISTER(GST) TRANSPORTER always & for this Purpose we are paid by cheque Unregister Transporter Approximate Rs. 8.50 Lac p.a (F.y. 2021-22) without charge GST because Govt suspended RCM & We pass this delivery charge entry in accounts through voucher and show details in our TDS return
Now Our Question is any GST Related problem will arise in future about this because transaction value is high?
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5254 Points)
Replied 28 September 2021
the service of transportation of goods by road continues to be exempt even under the GST regime. GST is applicable only on goods transport agencies, GTA.
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5254 Points)
Replied 28 September 2021
Thus, it is to be seen that mere transportation of goods by road, unless it is a service rendered by a goods transportation agency, is exempt from GST. ... Under GST laws, the definition of Goods Transport Agency is provided in clause (ze) of notification no. 12/2017-Central Tax (Rate) dated 28.06. 2017.
CAclubindia
