GST on freight - Know GST rate on freight charges, goods transport agent, the provisions for registration, tax liability and tax credit for GTA under GST.
1997 had leviedService TaxonGoods Transport Operators w.e.f. 16-11- 1997which was subsequently withdrawn after nation-wide strike. Thereafter by theFinance (No. 2) Act, 2004 Service Tax was imposed on Transport of Goods by Road service rendered by a goods transport agency...
All goods other than in frozen state and put up in unit containers is exempted to pay GST. GST concession on Meat of bovine animals, fresh and chilled. No GST payable on Meat of swine, fresh or chilled. GST on Meat of sheep or goats, fresh or chilled is nil rate. No GST payable o...
It’s surreal that we’ve completed half of this year, and 2025 is just six months away! July 1st is particularly special as it marks the 7th anniversary of the Goods and Services Tax (GST) in India. The GST Act, passed in Parliament on March 29, 2017, came into effect on July 1...
Public road transport Accommodation and motor vehicles supplied by an employer to their staff Retail supply of newspapers Lotteries and other games of chance plus postage stamps. GST returns must be lodged monthly by registered persons. The Internal Revenue Commission has allowed in the past for busi...
The business benefits that are likely to come on GST tax invoice are different in every other respects. -There will be no controversies as only one rate will be written that makes the invoicing simpler. -There will be no entry tax that causes the movement of goods by road transport easier...
Update:The Union Ministry of Road Transport and Highways made FASTags mandatory for four-wheelers or M&N category of vehicles that were sold before 1 December 2017 from January 1, 2021 onwards. Later, the deadline was extended till January 15, 2021. ...
Vehicle Breakdown: Delays might arise from mechanical defects in the transport vehicle. Accidents: Major delays can result when there is an accident involving a road transport vehicle. 2. Compliance and Legal Issues: Detention by Authorities: In case goods or the conveyance is held up by tax aut...
What doesn’t help is that these goods are also subjected to individual state tax and levies every time they are examined at every state border checkpost. Based on a recent report published by the Transport Corporation of India (TCI) and the Indian Institute of Management Kolkata (IIM-K), ...
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