GST on GTA Services | GST on Freight | Complete Masterclass

** In case of queries Contact us here - https://hypertax.in/contact/ Download the August 2020 Compliance Calendar here: https://drive.google.com/file/d/1dqXT... MasterClass #2 - GST on E-Commerce and Online Sellers    • GST on E Commerce Operators & Online Selle...   We will discuss applicability of GST and availability of ITC on GTA and Freight. Before starting our discussion on Goods Transport Agency (GTA), Let’s first understand that who is a GTA under GST. Well, the answer to this question is given in Para 2 of N/NO. 12/2017 CT(R) and N/NO. 9/2017 IT(R) dated 28/6/2017, and as per the above said notification GTA means any person who provides services in relation to transportation of goods by road and issue consignment note (builty) is a GTA. After reading the above Para one question must arise in your mind i.e., why it is important to understand that who is a GTA? So, friends it is important to understand because services by way of transportation of goods by road except the services of:- GTA COURIER Are exempt from GST vide (entry no. 18 of E/N 12/2017 CT (R) dated 28/6/2017). So, it is clear that services by way of transportation of goods by road by GTA is taxable in GST Now there is another exemption to GTA’s vide (entry no. 21 of E/N 12/2017 CT (R) dated 28/6/2017) if GTA provide services of transport in goods carriage of certain category of goods. Further, if Goods Transport Agency under GST provides services by way of transportation of goods to any unregistered person than the services of GTA are exempt Entry no. 21A of E/N/25/2017 CT (R) dated 28/6/2017. Rate of Tax for Goods Transport Agency under GST The Government has prescribed two rate of tax for GTA i.e. (a) 5% (In case of Reverse Charge) (b) 12% (In case of Forward Charge) TDS under GST    • TDS under GST | When to Deduct Tax? | Deta...   GSTR - 4 Live Demo for FY 2019-20    • GSTR-4 Enabled on GST Portal | Live Demo |...   GST Returns Latest Due Dates Chart watch    • GST Returns Latest Due Dates Chart | Feb 2...   New GST Returns watch    • New GST Returns | RET 01 | Sahaj | Sugam |...   Due Date of GSTR 4 for FY 2019-20 watch    • GSTR 4 Due date extended for FY 2019-20   GST on Director's Remuneration watch    • GST on Director's Salary | New Circular | ...   New rules of Setting off ITC watch    • New Rules for ITC set off in GST | ITC Adj...   Connect with us on facebook - @consultgurpreet Send any GST related questions here... consultgurpreet@gmail.com DISCLAIMER ******** This video is for creating awareness about the newly introduced tax reform GST. This video is merely a general guide meant for learning purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute a legal advice.*******