IF MONTHLY CHARGES INCLUDED THE DIESEL/PETROL CHARGES THAN @ 5% GST WILL BE APPLICABLE.
Gst paid on vehicle hired on monthly rental basis
Page no : 2
Pramud Barman
(Nothing)
(35 Points)
Replied 20 March 2018
Monthly Fixed charge includes driver salary, PF, ESIC, Insurance of the vehicle, Repairing & Maintenance of the vehicle etc.
And for fuel cost, the contractor will be provided running charge per KM @ Rs 10.00 in the same bill & invoice.
As per GST Act, if fuel cost is included in the consideration then GSR Rate will be 5% otherwise 18%.
In that scenarion, what will be the GST rate ?
AMAN KUMAR
(ACCOUNTS OFFICER)
(58 Points)
Replied 20 March 2018
FOR YOUR CLARIFICATION NOW IN HIRING OF LIGHT VEHICLE GST CHARGES WILL BE 5% OR 12%
18% RATE IS AMENDED TO 12%
FOR YOUR QUESTION "As per GST Act, if fuel cost is included in the consideration then GSR Rate will be 5% otherwise 18%."
Ans:- GST Rate is 5% without ITC
V.THANGAMUTHU
(TAX CONSULTANT PROP: M/s. MUTHU & ASSOCIATES)
(82 Points)
Replied 20 May 2019
Dear experts,
my client is service provider (vehicle hire business), they generate bill to service receiver on 5% (including fuel cost and driver salary, etc.,) they can claim ITC eligible or not ??? (purchase of new car, car maintenance etc.,)
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