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rent receipt in gst
A person has a business of providing vehicles on rent to a Company. Can such person be registered under composition scheme? If yes then what will be his taxable turnover? And if no then whether he has to pay tax at 18%?Can he claim any kind of ITC?
Replies (8)
This business is service category. Composition scheme not available for Service Sector*
What is your nature of Service...?
What is your nature of Service...?
providing transport vehicles on rent
| Originally posted by : Nikita Motwani | ||
 |
providing transport vehicles on rent |  |
Dear.,
It's vehicle for rent of Transport of Passenger or Transport of Goods or Car or Any other. I ask what are nature of services by you...?
oh sorry sir
it's vehicle for transport of goods
there are 2 trucks given on rent
You are other than GTA then the Service is Excempted under GST.
You can't claim any ITC. Also you don't want register...
Please refer the article...
https://cleartax.in/s/goods-transport-agency-under-gst
https://www.caclubindia.com/articles/gst-on-transportation-of-goods-by-road-30542.asp
thanks sir
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