WebUnder this scheme, you are required to charge GST on 50% of the selling price when you sell the used vehicle. Expand all Example 1: Sale of second-hand motor vehicle excluding GST Example 2: Sale of second-hand motor vehicle Including GST FAQs Expand all I did not claim GST on my company vehicle as the input tax is disallowed. WebApr 24, 2024 · 2. Disallowance of car hiring charges: Learned AO has erred in law and facts by disallowing car hiring charge ofRs. 1,21,775/- though no TDS liability arise …
GST Rate for Car, Bike and Vehicle Rental Services
WebJun 23, 2024 · No ITC Credit available of GST on car hire charges which were used for the purpose of Business.Only 3 cases ITC credit on car hire charges available if it is used for (a) Further supply of such vehicles or conveyances or (b) Transportation of passenger or (c) Imparting training on driving, flying, navigating such vehicles or conveyances. WebApr 13, 2024 · GST rate for motor vehicle hire charges given on monthly contract basis 5% -- ITC cannot be taken by service receipeint 12% -- benefit of ITC can be taken by service receipeint Leave a reply Your are not logged in . Please login to post replies Click here to Login / Register Previous Thread Next Thread Recent Topics Interest Paid to HUF lg dle x2650w dryer lint trap
TDS under Section 194I Or Section 194C for Car hiring charges?
WebGST applicable on renting of vehicle @18%. Swati Agrawal CA, Mumbai 1146 Answers 7 Consultations 5.0 on 5.0 Talk to Swati Agrawal Hi, You are liable to charge GST @18%. Your services does not fall within the ambit of GST. Abhishek Dugar CA, Mumbai 3576 Answers 183 Consultations 4.8 on 5.0 Talk to Abhishek Dugar Hi WebOct 30, 2024 · Point here - crane hiring charges for GST attracts 18%. I have gone through discussion forms - but no such cases are widely discussed for RCM. Is RCM applicable in this case.?? Most of the cases discussed deals with Motor transportation with Passenger carrying vechiles only. Please suggest asap. WebAug 29, 2024 · Which % of GST on Vehicle hire charges What is SAC Code And Is it Eligible for ITC Rakesh Mishra (Expert) Follow 29 August 2024 Elaborate your transaction - which vehicle and used for what, because vehicle is a vast term Previous Next You need to be the querist or approved CAclub expert to take part in this query . Click here to login now lg dlex3250w lint filter