Commercial vehicles provided to company
This query is : Resolved
17 May 2019
Dear All,
We have provided the commercial vehicles to various companies on monthly basis. however we are not having transport company....being individual all companies are deducting 1% TDS on payment. Pls let me know is GST applicable in this case whereas the receipt are above 50 Lacs. If yes whether we have to charge GST in invoice if yes how much percent and what would be it's HSN code......or does this service falls in the RCM..
Pls guide.....
Thanks
Karan
We have provided the commercial vehicles to various companies on monthly basis. however we are not having transport company....being individual all companies are deducting 1% TDS on payment. Pls let me know is GST applicable in this case whereas the receipt are above 50 Lacs. If yes whether we have to charge GST in invoice if yes how much percent and what would be it's HSN code......or does this service falls in the RCM..
Pls guide.....
Thanks
Karan
18 May 2019
1 RCM not applicable.
2 18% GST is applicable on renting of vehicles, if fuel cost is borne by the service recipient.
3 GST not applicable if you run the transport.
2 18% GST is applicable on renting of vehicles, if fuel cost is borne by the service recipient.
3 GST not applicable if you run the transport.
18 May 2019
Also clarify whether service recipient can avail the ITC of 18% GST whereas the section 17(5) has blocked the ITC of motercab,
Pls guide....
Pls guide....
18 May 2019
Commercial vehicles ITC allowed. Motor cab is a personal vehicle.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Booth for sales promotion
- Capital Gains on sale of residential flat
- F & O PROFIT REPORTING FOR AY 2026-27
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
