GST Implication on Goods Transport by Road (GTA) (As on 28.11.2022)
INTRODUCTION:- Transportation is a vital part of the economy as any problem in transportation disrupts the entire business channel. This is why any petrol price change has a far-reaching effect in disruption of business. In India most popular form of transport is via road. There are Three type of persons who are engaged in transport of Goods by Road. 1) Normal Transporter (Who does not issue Consignment Note). 2) Goods Transport Agencies (Who are issue Consignment Note). 3) Courier Agency. EXEMPTION:- Serial No. 18 of Notification No. 12/2017- Central Tax (Rate)_28.06.2017 provide the following exemption. Services by way of transportation of goods by road except the services of, 1) A goods transportation agency. 2) A courier agency. From the above exemption it can be concluded that GTA Services are taxable and hence we will discuss the GST Implication on GTA Services. WHAT IS THE GTA:- As per Notification No. 11/2017-Cent