Dear sir,
I want to know rate of gst in case of Goods Transport service (Intrastate & Interstate both) if turnover is above 20 lakh.and Reverse charge mechanism.
and part in goods transport in billing rate where it is exempt means we do not have to charge gst and procedure of taking input in GTS.
Regards,
Amit Lamba
GTA services are taxable on reverse charge basis.
Person receiving service is liable to pay GST on RCM basis, regardless of GTA being registered or unregistered under GST.
Further rate of tax will be 5%.
Input tax credit of tax paid on GTA services can be availed once you have paid GST to government.
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