Services provided as clearing & forwarding agent by GTA. Q1 rcm applied? Q2 for applied in which rate? Treated same as GTA? Clear the concept regarding the same?
Reply—Clearing and forwarding services classified under SAC 996713 and GTA service is classified under SAC 996791. Both services are different. Provision of reverse charge is not applicable to clearing and forwarding agent service.
Service by way of clearing and forwarding agent is taxable @18% (Sr. No. 11 of notification no. 11/2017 (centarl tax rate) 28.06.2017.
Posted Date: Apr 17, 2020