What is the treatment of truck income & exp? In GST regime

My claint have a truck. So what is the treatment of truck income & exp? In GST regime

Add Comment
2 Answer(s)

It depends upon the type of goods he is transporting and whether the service recipient is registered or unregistered. In case GTA is only engaged in the transportation of goods on which tax to be paid on reverse charge basis then he need not apply for GST even if his turnover exceeds a specified limit.

Answered on September 5, 2017.
Add Comment

My client is a registered dealer under GST as he has a rice MILL. and have a truck also which is used in the local market for hiring. now please suggest how can I put up truck income and exp.

Answered on September 5, 2017.
Add Comment

Your Answer

Gen GST