RCM on GTA Service | All About GTA in GST Law | Exemption on GTA Service Under GST Law|

Описание: In this video we will discuss in brief the provisions relating to Sec 9(3) of GST Act, 2017
1) GOODS TRANSPORT AGENCY (GTA) UNDER GST
a. Supply of services in relation to transportation of goods by Road
i. BY
1. GOODS TRANSPORT AGENCY (Who has not paid central tax at the rate of 6% (CGST- 6% & SGST- 6%)
2. GOODS TRANSPORT AGENCY (GTA)
Defined in para 2(ze) of N/N 12/2017 means any person who provides services in relation to transport of goods by road AND issue Consignment Note, by whatever name called.
ii. TO
Where a person liable to pay fright is (Specified Person)
1. Factory
2. Society Registered
3. Co-operative Society
4. Any Person Registered under GST Act
5. Body Corporate
6. Partnership Firm (Including LLP) or AOP
7. Casual Taxable Person
iii. “Provided that nothing contained in this entry shall apply to services provided by a goods transport agency, by way of transport of goods in a goods carriage by road, to, -
1. A Department or Establishment of the Central Govt. or State Government or Union territory; or
2. Local Authority; or
3. Governmental Agencies
Which has taken registration under the CGST Act, 2017 only for the purpose of deducting tax under Sec 51(TDS) not for making a taxable supply of goods or services. [N/N 29/2018 CT (R)]

b. EXEMTION TO GTA
i. Service provided by GTA to an unregistered person other than Specified Person than exemption is available. (SL. No. 21A of Notification)
ii. Basic Exemption to GTA
Transportation of the following goods by a goods transport agency have been exempted from tax
1. Goods where consideration charged for the transportation of goods on a consignment transported in a single carriage does not exceeds Rs.1,500/-
2. Goods, where consideration charged for transportation of all such goods for a single consignee does not exceed Rs. 750/-
iii. Example
1. ABC Enterprise book complete truck for delivery of goods to its one of branch.
a. Fright Charged is Rs. 1,050/- than Exempt
b. Fright Charged is Rs. 1,900/- than Taxable
2. ABC Enterprise book complete truck for delivery of goods to its Various branches
a. Fright charge for single Branch is Rs. 450/- than Exempt
b. Fright charge for single Branch is Rs. 900/- than Taxable
iv. If following goods are transported by GTA than exempt from payment of tax:
1. Agriculture Produce
2. Milk, Salt, Food Grains, Floors, Pulses or Rice
3. Organic Manure
4. Newspaper or Magazines
5. Relief Material for victims
6. Defense or Military Equipment

Connect with us:-
E-Mail: [email protected]
Whatsapp: 9951546872/9106287413

Content By : CA Jaydeep Patel & Ajay Patoliya
🎤Voice over : CA Jaydeep Patel
📽Video editing : Ajay Patoliya
🖲Channel owner : CA Jaydeep Patel & Ajay Patoliya

DISCLAIMER

This video is merely a general guide meant for learning purposes only. All the content, reference, instruction or documents or soft files are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisors, tax consultant as to the risks involved may be obtained and necessary due diligence, etc.

#GTA
#RCM
#Exemption
#RCMonGTA
#GoodsTransportAgency
#ExemptionforGTA
#sec9(3)
#GST
#CA
#CAFinal
#CAInter
#CMA
#CS
#Taxtion
#ShreeHariTaxMentors
#caguruji
#taxguruji
#assetsyogi