The GST norms for the transport industry are simplified as follows:
GST is charged at 4.20% of the total freight for all the LRs with total more than Rs.750.
Cess tax is charged at 0.15%
Goods Service tax will not be charged to those consignors or consignees who fall under the following category:
- Factories registered under factories act
- Companies established under companies act
- Corporation established under any law
- Society registered under societies registration act
- Cooperative society established under any law
- Dealer of excisable goods registered under central excise law
- Any corporate body established under any law
- Service tax will not be charged for those customers who book fruits, vegetables, fish and milk