E-way bill on renting of furniture

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This query is : Resolved

sandeep patil (Querist)

16 May 2019 Dear Experts

I am Transfering Furniture to One Party on Rent. Total Furniture Value is 2 Lac Rupees. I need to know should I prepare E-way bill for same? And if Yes then What Amount to be show Furniture Book Value or Rent Amount.
& @ what rate GST to be show.

Please guide.
Thanks

CA Anita Bhadra

CA Anita Bhadra (Expert)

16 May 2019 Yes ,
You need to generate e way bill
Amount to be shown in e way bill will be furniture book value and not rent amount

sandeep patil

sandeep patil (Querist)

16 May 2019 & What About GST?? thus GST will be on Furniture VAlue ??

CA Anita Bhadra

CA Anita Bhadra (Expert)

16 May 2019 No
GST will not be on furniture value
It will be on rent only

For sending furniture on rent , delivery challan with e way bill is good enough

Rent is supply of services.
Rent invoice not required for e way bill

sandeep patil

sandeep patil (Querist)

21 May 2019 THANKS ANITA JI FOR YOUR VALUABLE REPLY

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