27 August 2019
R/Members, i want to know GST taxability of Loading Vehicle, given under contract on fixed monthly payment. Sir please advise me regarding SAC Code and Rate of GST Applicable on this Service. Thanks
02 September 2019
If any vehicle is given on hire/rent, then the rate applicable on that vehicle shall only be considered for hiring as well. For example, if the GST rate for purchase of vehicle is 28%, then the rate to be charged for giving on hire such vehicle shall also be 28%. Refer entry No. 15 of the Notification No. 11/2017 - Central Tax (rate).
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