Goods and Services Tax - 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 ...
Read MoreGoods and Services Tax - 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. […]...
Read MoreGoods and Services Tax - 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...
Read MoreGoods and Services Tax - 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...
Read MoreGoods and Services Tax - 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...
Read MoreBharat Swabhiman (Nyas) Vs Commissioner Customs, Central Excise & Service Tax, Dehradun (CESTAT Delhi) - 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 iss...
Read MoreIn re Deeraj Goyal (GST AAR Andhra Pradesh) - In re Deeraj Goyal (GST AAR Andhra Pradesh) Whether the applicant will be classified under transportation of goods by road, which is exempt or commission agents or goods transport agencies and under what HSN code his services are classified and what will be the turnover? The applicant is engaged in ...
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Bharat Swabhiman (Nyas) Vs Commissioner Customs, Central Excise & Service Tax, Dehradun (CESTAT Delhi) -