good morning sir
one of my friend have 2 teucks. and he gives them on hire to transport agencies . then what is the GST compliance he have to fulfill. and how he generator invoice and what is GST rate applicable for it
Exempt Service.
Entry No. 22 of N.N. 12/2017-Central Tax (Rate) dated 28.06.2017
“Services by way of giving on hire – (a) to a state transport undertaking, a motor vehicle meant to carry more than twelve passengers; or (b) to a goods transport agency, a means of transportation of goods.”
CAclubindia
