Introduction of GTA Under GST
GTA refers to “Goods Transport Agency” and it is defined as any person who provides services in relation to the transport of goods by road and issues a consignment note. Under the Goods and Services Tax (GST) regime in India, services provided by GTA are taxable.
GTA services are classified as “Transport of Goods by Road” under GST and are taxed at a rate of 12%. However, if the Goods Transport Agency does not issue a consignment note, then it is not considered as a GTA and will be taxed under the “Other Services” category, which attracts a tax rate of 18%.
Goods Transportation in India
Under the Goods and Services Tax (GST) regime in India, transportation of goods by road is classified as a service and is taxable. The GST rate on the transportation of goods by road varies depending on the type of transportation service provider.
Goods Transport Agency services are classified as “Transport of Goods by Road” under GST and are taxed at a rate of 12%. GTA services are defined as any person who provides services in relation to the transport of goods by road and issues a consignment note.
However, if the GTA does not issue a consignment note, then it is not considered as a Goods Transport Agency and will be taxed under the “Other Services” category, which attracts a tax rate of 18%.
What service of transportation of goods is exempt under GST?
- Transport of personal use or household goods
- Transport of goods of unregistered persons
To Read a Detailed Article Click Here...