What is the HSN code for transportation?
The HSN CODE FOR Goods Transport Services is 9965.
GST @ 6% CGST (12% cumulative) is subject to the condition that the goods transport agency opting to pay central tax @ 6% under this entry shall, thenceforth, be liable to pay central tax @ 6% on all the services of GTA supplied by it.
What is the GST rate for HSN code 9965?
GST Rates & Conditions:
Supporting Services In Transport.
Is GST charged on transportation?
All Transport services by road are exempt from GST except services from GTA and Courier agency. Anyone who provides consignment note for goods delivery will be treated as GTA. Mere Bill is not a consignment note. 5% GST rate is applicable for transportation service by GTA on RCM basis means GST is payable by recipient.16-Jul-2021
The HSN CODE FOR Local delivery services is 996813.
Which transportation is exempt from GST?
As per GST Law 2017, there is no GST payable on Services by way of transportation of goods by road except the services of a goods transportation agency. So the rate of GST payable on Services by way of transportation of goods by road except the services of a goods transportation agency is nil rate.
How To Add Transport Charges in GST Invoice TallyPrime
Who is liable to pay GST on transportation charges?
If GTA is unregistered or does not charge GST in his invoice to the registered person, the recipient is liable to pay GST @ 5%. In other words, the person who pays or is liable to pay freight for the transportation of goods by road, will pay GST on the amount of freight paid under RCM.19-Jan-2022
If the transportation cost is included, then GST has to be charged at the same rate of tax charged on supply. For example, if the goods being supplied is charged at 18%, then you have to charge tax on transport cost also at 18%.12-Jan-2022
Is RCM applicable on transport?
Chartered accountant Vikas Goyal said: “The reverse charge mechanism (RCM) on freight is now applicable from even a single rupee, as the exemption of Rs 750 has been abolished from today and, therefore, all consignments for freight worth below Rs 750 and up to Rs 1,500 for single carriage will also be taxable on a par 19-Jul-2022
When GTA services on RCM basis is an inter-state supply and an intra state supply?
Is RCM payable on transportation of exempted goods?
No, RCM is payable at the rate chargeable on a particular supply. If the relevant supply is exempted then RCM will also be exempted.
In terms of the said rule, consignment note means a document, issued by a goods transport agency against the receipt of goods for the purpose of transport of goods by road in a goods carriage, which is serially numbered, and contains the name of the consignor and consignee, registration number of the goods carriage in
What is GTA service?
Goods Transport Agency (GTA): The transportation services of goods by road under Notification no. 12/2017-Central Tax (Rate) dated 28.06. 2017 (sr. no. 18), are free from GST Services (Heading 9965):15-Jul-2022
18% GST
What is a goods transport agency?
Goods transport agency: Goods transport agency or GTA means any person who provides service in relation to transport of goods by road and issues consignment note, by whatever name called. A consignment note is an essential condition to be considered as a GTA.28-May-2018
delivery charge in British English (dɪˈlɪvərɪ tʃɑːdʒ ) the amount a customer pays for the delivery of goods.
What is a SAC code 996812?
The HSN CODE FOR Courier services is 996812.
Answer: The services by way of speed post, express parcel post, life insurance, and agency services provided to a person other than the Government or Union territory are not exempt. In respect of these services the Department of Posts is liable to pay tax without application of reverse charge.4 days ago
Which service is not exempt under GST?
Difference between Nil Rated, Exempt, Zero Rated and Non-GST supplies
What is the HSN code for transportation?