GST ON MACHINES ON RENT

17 July 2017

I am giving machine Air Compressor on Rent then I will APPLICABLE GST ON IT OR NOT IF APPCABLE THE HOW MUCH PERCENTAGE IT WILL BE CHARGE

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8 Replies

RAJA P M ("Do the Right Thing...!!!") (128085 Points)
Replied 17 July 2017

Dear Sayeed.,

If your T/O is exceeding 20lakhs You ll be applicable GST or Not exceeding 20lakhs can't applicable GST.

GST @ 18% -

SAC - 997319 (Leasing or rental services concerning other machinery and equipments with or without operator)

2 Like

Gautam Jha (2 Points)
Replied 31 March 2018

Dear Sir,

I am giveing a Boom Placer on rent I will APPLICABLE GST ON IT OR NOT IF APPCABLE THE HOW MUCH PERCENTAGE IT WILL BE CHARGE

Siddharth Goel (Chartered Accountant) (3031 Points)
Replied 03 July 2018

Hi,

If your Turnover is exceeding 20 lakhs, GST shall be applicable.

GST @ 18%

GST on HSN Code 85308000

RAJA P M ("Do the Right Thing...!!!") (128085 Points)
Replied 03 July 2018

Originally posted by : Siddharth Goel
	Hi, If your Turnover is exceeding 20 lakhs, GST shall be applicable. GST @ 18% GST on HSN Code 85308000

Dear.,

It's on rent... not for goods sale. You give HSN...

Please provide SAC to the Query...

Siddharth Goel (Chartered Accountant) (3031 Points)
Replied 03 July 2018

Originally posted by : RAJA P M
	Originally posted by : Siddharth Goel Hi, If your Turnover is exceeding 20 lakhs, GST shall be applicable. GST @ 18% GST on HSN Code 85308000 Dear., It's on rent... not for goods sale. You give HSN... Please provide SAC to the Query...

SAC will be 9973 which is a broad SAC for hiring and renting.

1 Like

RAJA P M ("Do the Right Thing...!!!") (128085 Points)
Replied 03 July 2018

Originally posted by : Siddharth Goel
	Originally posted by : RAJA P M Originally posted by : Siddharth Goel Hi, If your Turnover is exceeding 20 lakhs, GST shall be applicable. GST @ 18% GST on HSN Code 85308000 Dear., It's on rent... not for goods sale. You give HSN... Please provide SAC to the Query... SAC will be 9973 which is a broad SAC for hiring and renting.