GST on GTA

CBIC vide Notification No. 4/2022-CT(R) dated 13.07.2022 – Service by goods transport agency where consideration charged for the transportation of goods on a consignment transported in a single carriage does not exceed Rs.1,500/- or where the consideration charged for transportation of all such goods for a single consignee does not ...

Roads are an important mode of transport in India. India has a network of over 6,215,797 kilometres of roads as of 31 March 2020. This is the second-largest road network in the world. India’s road network carries over 71 percent of its freight traffic – thereby making it the largest means of transport in India.  […]...

In terms of Exemption Notification No.12/2017-Central Tax (Rate) dated 28.06.2017 (Sr. No. 21), the following services provided by a GTA (Heading 9965 or 9967) is exempt from payment of tax: “Services provided by a goods transport agency, by way of transport in a goods carriage of – (a) agricultural produce; (b) goods, where consi...

GST rate on Works Contract Services with effect from 18th July, 2022 along with Changed Provisions pertaining to RCM on GTA and Provisions relating to RCM on residential dwelling units WORK CONTRACT SERVICES w.e.f. 18.07.2022 vide notification no. 03/2022-Central Tax (rate) dated 13.07.2022. Sl. No. Chapter, Section or Heading Description...

By issuing various GST Notifications, various changes have been made applicable w.e.f. 18th July 2022 related to Taxation of Transportation Sector specially for Goods Transport Agencies (GTA) under GST . The same are discussed below: I. Changes applicable to GTA paying GST under Forward Charge 1. Option to pay GST @5% under Forward Charge...

A) Removal of certain Exemptions related to services of transportation of goods by a Goods Transport Agency (GTA): Notification No. 04/2022- Central Tax (Rate) dated 13.7.2022 amends service exemption Notification 12/2017- Central Tax (Rate) dated 28.6.2017 and removes exemption as provided against Serial No. 21, in column (3), Clauses (b...

The Government has always experienced resistance when it comes to levying an indirect tax on the transportation services supplied by a Goods Transport Agency (GTA)....

Important Amendment for Goods Transport Agency ( GTA) under Reverse charge Mechanism( RCM) & Forward Charge As per recommendation of 47th GST Council Meeting, Govt. has issued various notifications on 13/07/2022. As per the new Notifications certain Options has been provided to Goods Transport Agencies (GTA) to charge GST under Forwar...

Who is a GTA and whether issue of Consignment note is mandatory condition of Goods Transport Agency (GTA)? Clarity Regarding the Applicability of RCM ON FREIGHT The applicability of RCM on Freight has brought a great deal of confusion for some people in understanding exactly in what situations the RCM liability under Section 9 ( […...

Held that, service tax will not be levied on the donations received by a trust from its members and on freight charges paid towards the activity of advancement of yoga. Further held that, activities can’t be covered under Goods and Transport Agency Service where consignment notes have not been issued....