Meaning of Merchant Overtime charges (MOT) under GST

Term Merchant Overtime charges (MOT) under GST

 

The details about Merchant Overtime charges (MOT) are explained here. 


 Merchant Overtime Charges (MOT).

Merchant overtime fee (MOT charges) are the charges which are required to be paid by the exporter, who is availing the services of Central Excise Officers, in accordance with any prescribed procedure, beyond office hours or on Sunday, Saturdays or public holidays i.e. is after the official hours.

As per GST Law 2017, there is no GST payable on Services provided by Government by way of deputing officers after office hours or on holidays for inspection or container stuffing or such other duties in relation to import export cargo on payment of Merchant Overtime charges (MOT).

So the rate of GST payable on Services provided by Government by way of deputing officers after office hours or on holidays for inspection or container stuffing or such other duties in relation to import export cargo on payment of Merchant Overtime charges (MOT)is nil rate.

GST Council Decide 4 main GST Rates Slabs for India. Now GST Rates are finalised i.e GST Rates in India is 5%, 12%, 18% & 28%. Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and Special category of Goods and Services including luxury - 28%. The most essential goods and services attract nil rate of GST under Exempted Categories. Luxury goods and services and certain specific goods and services attract additional cess than 28% GST.

The information provided here is about Merchant Overtime charges (MOT).  If you would you like to add more information about Merchant Overtime charges (MOT), share below your thoughts.

 

 

 


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