What is the GST rate for transportation?

What is the GST rate for transportation?

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.

Is GST applicable for freight charges?

GST must be charged on the cumulative value of supply. If the freight charge is included, then GST on freight charges must be levied at the tax rate same as the rate charged on supply of the goods or consignment.

Is GST compulsory for transporter?

A transporter must obtain a GST registration based on their aggregate turnover exceeding INR 20 lakhs or INR 10 lakhs for a unique category in a financial year. GTA has to pay 12% GST on all the GTA services for the financial year provided by them.

Which type of transportation is exempted from GST?

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.

Is lorry receipt mandatory?

To issue an E-way bill, it is mandatory to mention the transport document number in Part A8, without mentioning the same, e-way bill cannot be issued therefore it is mandatory for GTA to issue the transport document and without issuing LR/ GR/consignment note, goods cannot be transported….

Can I claim GST on truck purchase?

If you are engaged in the business of transportation of passengers, then you can claim ITC for GST paid on purchase of motor vehicles like car.

How do I charge freight in GST invoice?

GST on Freight in Invoice GST should be charged on the total value of supply. If the freight charge is included, then GST on freight charges has to be levied at the same rate of tax charged on supply.

How does a transporter file GST return?

They are required to file the following returns:

1. GSTR 1: It can be filed monthly or quarterly. Although monthly filing is more recommended. …
2. GSTR 3b: Monthly GSTR 3b is required to be filed by the goods transport agency. Supply, where the tax is charged in FCM, will be shown in table 3.1 (Domestic only)

How do I register as a transporter?

Procedure to register is:

1. Go to Eway bill portal.
2. Click on Enrolment for Transporters.
3. Application for registration under section 35(2) will open.
4. Fill the application.
5. Submit application.

What is Form GST ENR 01?

Application for Enrolment under section 35(2)

How is GST calculated on transport services?

RATE OF GST The GST rate in case of service supplied by GTA on transportation of goods(including used household goods for personal use) is 5% (CGST 2.5% and SGST 2.5%) orIGST 5%.

Is lorry receipt mandatory under GST?

Service Provided By Way of Arranging Lorries From Lorry Owner For Transportation Facilities of Customers and Issuing Lorry Receipts Is Taxable As GTA Services.

Who can issue lorry receipt?

1 Answer. Lorry receipt is a receipt issued by transport company if goods are sent through road transport. It act as undertaking for a company to deliver the goods to the point of destination.

What is lorry receipt in India?

Lorry Receipt (LR), an undertaking by the transporter to deliver the goods to the destination, is an indispensable part of the transportation process. Three physical copies (driver, consignee and consignor) of the consignment note are passed on by the customer to the driver.