Legal Suvidha

Applicability of GST on Goods Transport Agency

Applicability of GST on GTA

The applicability of  GST on GTA depends on the specific circumstances of each case. Generally, GTA services are considered taxable under GST. However, there are certain exemptions and exclusions that may apply. For example, GTA services provided by an individual or a Hindu Undivided Family (HUF) with a total annual turnover of less than Rs.

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Job Work Under GST

Job Work Under GST

Job Work Under GST is defined as any treatment or process undertaken by a person on goods belonging to another person. This includes activities such as manufacturing, repairing, altering, cleaning, or testing of goods. What is job work? Job work means processing or working on raw materials or semi-finished goods supplied by the principal manufacturer

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Margin Scheme under GST

Margin Scheme under GST

MARGIN SCHEME UNDER GST In the “Margin Scheme”  taxpayers who are dealing in second-hand or used goods, may at his option, discharge tax on the sale of used or second-hand goods on the margin amount which is the difference between the selling price and purchase price of the goods. The margin scheme is non mandatory

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