09 May 2019
Respected sir, we have contract with company to transport their officer from one place to another place by vehicle(car and owned by us) at predetermined contract price, cost of fuel is bared by us. we just get our contract money. so at what rate of gst will be applicable. If there is any change happen in tax rates please provide notification no. Thank you.
09 May 2019
Its 12% with full ITC or 5% without ITC
Government has revised the rate of GST on Rent a cab service vide notification no. 20/2017 – Central Tax (Rate) dated 22 August, 2018. In this process, the government had reduced GST liability of transport of passengers by motorcab service providers by providing them with two options of either availing full ITC and discharge GST @12% or a GST liability of 5% with no ITC benefit available.
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