The rate of GST on Goods Transport agency services under reverse charge mechanism

[samiuddin ansari]

Sir,

What is rate of GST on Goods Transport Agency services under reverse charge mechanism.milarly, also inform whether security services attracts reverse charge as my friend's firm is a partnership firm engaged in outward supply of frozen fish for export on payment of IGST and thereafter claiming refund of taxes paid on input.

AI Summary

GST Rate for Goods Transport Agency Services Under Reverse Charge is 5%; Security Services Also Apply Since 2019 A discussion on a forum addressed the Goods and Services Tax (GST) rate for Goods Transport Agency (GTA) services under the reverse charge mechanism. The initiator inquired about the applicable GST rate and whether security services also attract reverse charge, mentioning a firm involved in exporting frozen fish. Responses clarified that the GST rate for GTA under reverse charge is 5%. Additionally, security services have been under reverse charge since January 1, 2019, as per a specific notification. The reverse charge mechanism implies that the tax liability shifts from the supplier to the recipient of goods or services.