Popular lifehacks

Is GST applicable on loading charges?

Is GST applicable on loading charges?

Loading and unloading expenses come under GST for all the goods except the agricultural goods. Under Reverse Charge Mechanism, after crossing the exception amount of 5000, GST rate on loading and unloading labour is 18\% (9+9).

Can we claim GST input on freight charges?

yes itc of freight can be availed .

Is service tax applicable on loading and unloading charges?

16 August 2012 Paying the loading & unloading charges will not come under service tax for the service provider since these are all expenses for him.

Is loading and unloading direct or indirect?

Hence for your reference this ledger list is prepared….List of different ledgers and their groups.

Group Name Ledger Name
Direct Expenses OR Expenses(Direct) Power
Electricity Expense (Factory)
Loading Unloading Expense
READ ALSO:   Is Shadow of War Middle-Earth a good game?

What is loading and unloading expenses?

DEFINITION – LOADING AND UNLOADING. 600. Loading and unloading means the services of loading or unloading cargo between any place or point of rest on a wharf or terminal, and railcars, trucks, or any other means of land transportation and barges.

What is the GST on transportation charges?

What is the rate of GST on GTA?

Service by a GTA GST rate
Carrying- goods, where consideration charged for transportation of all such goods for a single consignee does not exceed Rs. 750 0\%
Any other goods 5\% No ITC OR 12\% with ITC
Used household goods for personal use 0\% **

What are unloading charges?

Similarly, loading-unloading charges of sacks in a small truck have up to Rs 1,000 from Rs 800 and for a large truck to Rs 1,200 from Rs 1,000.

What is an unloading fee?

Unloading a vehicle is outside the general job requirements of a carrier. So, if the driver must load or unload the freight, they charge for the labor. At large distribution warehouses, third-party laborers get paid to unload cargo. Distributors pass these charges on to shippers as a “lumper” fee.