Commercial Vehicles Rented
This query is : Resolved
14 October 2020
Sir/Madam,
Is GST applicable on income from renting motor vehicle, If Yes, what is the GST rate applicable for it?
Is GST applicable on income from renting motor vehicle, If Yes, what is the GST rate applicable for it?
14 October 2020
The tax rate for renting of vehicles is 5% with ITC of input services in the same line of business or 12% with full ITC.
20 October 2020
THANKS FOR YOUR QUICK RESPONSE SIR,
Is there any difference in GST rate, if the commercial vehicle is used for transportation of goods?
Is there any difference in GST rate, if the commercial vehicle is used for transportation of goods?
20 October 2020
To whom the vehicle is given to GTA for transportation of goods or to manufacturer or trader.
20 October 2020
The vehicle is given to GTA.
What if the vehicle is given to manufacturer or trader?
What if the vehicle is given to manufacturer or trader?
20 October 2020
If given to GTA then exempted from GST. Refer Notification No. 12/2017
If given to others then should be 18%.
If given to others then should be 18%.
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