/** * The main template file * * This is the most generic template file in a WordPress theme * and one of the two required files for a theme (the other being style.css). * It is used to display a page when nothing more specific matches a query. * E.g., it puts together the home page when no home.php file exists. * * @link https://developer.wordpress.org/themes/basics/template-hierarchy/ * * @package WordPress * @subpackage Tally * @since 1.0.0 */ ?>
In this blog, we will understand whether a GTA and the recipient of transport services from a GTA should register under GST.
Persons who take transportation services from a GTA can be of 2 types:
Certain specified category of persons are liable to pay tax on reverse charge on transport service taken from a GTA. These are:
All these persons have to mandatorily register, irrespective of their turnover.
Persons who do not belong to the above category of persons and avail transportation service from a GTA need to register only when their turnover crosses the threshold limit of Rs. 10 Lakhs in special category states and Rs. 20 Lakhs in rest of India.
GTA can be of 2 types:
A GTA exclusively providing transport services to the specified persons who are liable to pay tax on reverse charge, is not required to register under GST. This means that even if their turnover crosses the threshold limit, they are not required to register under GST. This is because 100% of their supplies will be reverse charge supplies, on which they will not have any tax liability.
A GTA which is not exclusively providing transport services to the specified persons, who are liable to pay tax on reverse charge, has to register under GST when its aggregate turnover crosses the threshold limit. These are GTAs who provide services to sole proprietors, HUF (Hindu Undivided Family), etc.
All unregistered GTAs should enroll as a GTA in GST portal using Form GST ENR-01. After enrolment, a unique enrolment number will be issued to such GTAs. Using this enrolment number, unregistered GTAs can generate e-way bills from the GST portal.
Key Highlights for MSMEs from Union Budget 2024
Vulnerability Assessment and Penetration Testing: Essential for Organizational Security Beyond Compliance
GST e-Invoice Mandate: Including 6-Digit HSN for Wholesale Tax
TallyPrime on AWS – The Best Cloud Accounting Software
Top Causes of GST Notices Demystified
e-Invoicing and Cash Flow Management Strategies to Optimize Financial Processes