Is GST mandatory for courier services?
Courier services classified under SAC Code 996812 will be taxable at 18\% GST.
Can I ship product without GST?
So if you are providing a service and your turnover is less than Rs. 20lakhs, you do not have to register under GST. If you are selling goods and there is inter-state transaction, you will have to register under GST even if you make a Rupee of turnover.
How much money does a courier franchise make?
Profit margins of a DTDC Franchise
| Category A | Category B | |
|---|---|---|
| Royalty Fees | 10\% of turnover | 10\% of turnover |
| Marketing cost (Percentage of sales) | Company does (5\%) | Company does (5\%) |
| Working Capital (per month) | Rs.1,00,000 | Rs.50,000 |
| Return on Investment | > 20\% | > 20\% |
Is TDS applicable on courier service?
TDS on courier service is required to be deducted under Section 194C of Income Tax Act 1961 at the rate of 1\% or 2\% (as the case may be) for payments to residents.
Is RCM applicable on courier services?
However, in case of courier service, provision of reverse charge is not applicable; supplier of service is required to charge tax from recipient under forward charge.
Can I purchase without GST number?
Under the GST, those with an annual turnover of less than Rs20 lakh do not require a GST number if they do not engage in inter-state sales. Again, a person with a GST number can sell goods worth Rs2. 5 lakh per month to a person who doesn’t have a GST registration.
Can I sell interstate without GST?
No you can’t do Interstate supply of goods without GST Registeration .
Which courier franchise is best?
Here are the top 10 best courier & delivery franchises in India
- DTDC Courier and Cargo Ltd. Founded in: 1990.
- InXpress. Founded in: 2011.
- Day Xpress Courier and Cargo Services. Founded in: 2015.
- Delhivery. Founded in: 2011.
- Blue Dart. Founded in: 1983.
- Flipkart. Founded in: 2007.
- SpreadWings Courier & Cargo Pvt Ltd.
- Pick Me Express.
Is Dtdc franchise profitable?
As a matter of fact, DTDC is among the top 100 corporate brands in India. They have successful channel partners across India, more than 80 percent of them being first-time businessmen. Hence, it can be easily concluded DTDC franchise is not only profitable but rewarding too.
Is GST paid on courier charges eligible for ITC?
Yes, GST paid on courier service for the furtherance of business is eligible for Input Tax Credit (ITC). Make sure that your GST Identification Number (GSTIN) is provided on the courier invoice.
How much is GST on freight?
However, as per the GST law, if the freight is exclusive and separately charged, then the GST rate on transportation service is 5\%. However, transportation of certain essential items are exempted under GST.
Can we claim ITC on courier charges?
Reply— Yes, ITC of overseas courier charges is allowed, it is not restricted; taxpayer is eligible to claim such ITC. Provided that where the transportation of goods is to a place outside India, the place of supply shall be the place of destination of such goods.
Is GST required for a courier franchise in India?
Yes GST is required for the courier franchise. if you take the franchise from any reputed company like DTDC or First Flight or any other..
Is GST applicable on franchisee fee and royalty?
As per the applicant’s understanding, both franchisee fee and royalty are covered under Serial No. 17, Heading 9973 (Leasing or rental services with or without operator) of the Notification No.11/2017-Central Tax (Rate) dated 28.06.2017, attracting GST @12\% (6\%+6\%), as detailed below:
Who is liable for taking the GST registration?
Therefore, applicant is liable for taking GST registration. Since applicant is liable for GST registration, he is required to pay GST on supply of goods and services. M/s.
Are you eligible for input tax credit under the GST?
Answer: Yes. The applicant would be eligible for Input Tax Credit subject to fulfilment of all the other conditions pertaining to the admissibility thereof laid down in the CGST Act, 2017 and the rules made thereunder.
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