The Notification No. 04/2022–Central Tax (Rate) dated July 13, 2022 has amended the Notification No. 12/2017–Central Tax (Rate) dated June 28, 2017.
The following supplies were earlier exempts from GST vide Notification No 12/2017 Central Tax (Rate) dated June 28, 2017 against serial number 21, in column (3), clauses (b) and (c):
(b) goods, where consideration charged for the transportation of goods on a consignment transported in a single carriage does not exceed one thousand five hundred rupees;
(c) goods, where consideration charged for transportation of all such goods for a single consignee does not exceed rupees seven hundred and fifty.
Now vide Notification No 04/2022-Central Tax (Rate) dated July 13,2022, the exemption given has been withdrawn.
So kindly note there is NO THRESHOLD LIMIT of Rs 1500/750 on the taxes paid for Goods Transport Services by road under Reverse Charge Mechanism w.e.f July 18, 2022.
The Notification No. 04/2022–Central Tax (Rate) dated July 13, 2022 shall come into force with effect from the 18th July, 2022
