GST Not Applicable on Escrow Transfers of Freight Payments: AAR Tamilnadu

In re B2B Trucks Private Limited (GST AAR Tamilnadu) B2B Trucks Private Limited, a GST-registered entity in Chennai, sought an advance ruling from the Tamil Nadu Authority for Advance Ruling (AAR) regarding the applicability of GST on funds deposited in an account used solely for forwarding freight payments from shippers to carriers. The company operates an online portal connecting shippers and carriers across India, without taking responsibility for the physical movement of goods. Shippers deposit freight amounts into a current account maintained by the company, which are subsequently transfe...