Gst
This query is : Resolved
13 August 2017
HiA and B both registered in Maharashtra....where A who is in to hiring of equipment gives it to B on hire but the place of hiring is in Karnataka...so wat will A charge in his invoices- Cgst and sgst or IgstPlease guide me
13 August 2017
As place of hiring is Interstate IGST applicable.
14 August 2017
thank you for guidance ... can u also let me know what would be the billing address on it...if i right it should be maharashtra address
14 August 2017
Yes you are right.................
15 August 2017
Thank you for ur confirmation One more thing wanted to know whats the GST on manlift or boomlift hiring i m askin you this question cos few hirers are charging 28 pc saying reliance has accepted their invoices of 28 pc and all that crap Can u enlighten me with the tax slab
16 August 2017
Thank you for ur confirmation One more thing wanted to know whats the GST on manlift or boomlift hiring i m askin you this question cos few hirers are charging 28 pc saying reliance has accepted their invoices of 28 pc and all that crap Can u enlighten me with the tax slab
16 August 2017
Thank you for ur confirmation One more thing wanted to know whats the GST on manlift or boomlift hiring i m askin you this question cos few hirers are charging 28 pc saying reliance has accepted their invoices of 28 pc and all that crap Can u enlighten me with the tax slab
26 July 2024
Under the Goods and Services Tax (GST) regime in India, the tax rates for various goods and services are specified by the government and can be subject to updates. For machinery and equipment like manlifts and boomlifts, the GST treatment is as follows:
### **1. GST Rate on Manlift or Boomlift Hiring:**
1. **Leasing or Hiring of Equipment:**
- The supply of services related to leasing or hiring of equipment, including manlifts and boomlifts, generally falls under the category of **"Rental of Equipment"**.
- **GST Rate:** Typically, the GST rate for rental or hiring of machinery and equipment is **18%**.
2. **Specific Category:**
- The exact classification might depend on how the services are described and whether they fall under any specific category or exemption. However, for most cases, equipment rentals including manlifts and boomlifts attract an **18% GST** rate.
### **2. Verification and Compliance:**
1. **Verify GST Rate:**
- It's essential to verify the applicable GST rate based on the latest notifications and circulars issued by the Government of India or the GST Council. Tax slabs can be updated, so always refer to the most recent updates or consult a GST expert.
2. **Check Invoice Details:**
- Ensure that the GST charged is correctly mentioned on the invoice. The GST rate should be clearly stated, and the total GST amount should be calculated accordingly.
3. **Cross-Reference with Government Notifications:**
- Refer to GST notifications or the GST rate schedule provided by the CBEC (Central Board of Indirect Taxes and Customs) or GST Council for the most accurate and current information.
### **3. Tax Slab Confirmation:**
- **GST Notification/Rate Schedule:**
- Check the latest GST rate schedules available on the official GST portal or from the latest government notifications to confirm the rate applicable to manlift and boomlift hiring.
- You can visit the official GST website or consult with a tax professional to get the most accurate and updated information.
### **Summary**
For the hiring or leasing of manlifts and boomlifts, the GST rate generally applicable is **18%**. However, it's crucial to verify this with the most recent GST notifications or consult with a tax professional to ensure compliance and accurate tax application. Always ensure that the invoices you receive comply with the correct GST rate and reflect the proper amount of tax.
### **1. GST Rate on Manlift or Boomlift Hiring:**
1. **Leasing or Hiring of Equipment:**
- The supply of services related to leasing or hiring of equipment, including manlifts and boomlifts, generally falls under the category of **"Rental of Equipment"**.
- **GST Rate:** Typically, the GST rate for rental or hiring of machinery and equipment is **18%**.
2. **Specific Category:**
- The exact classification might depend on how the services are described and whether they fall under any specific category or exemption. However, for most cases, equipment rentals including manlifts and boomlifts attract an **18% GST** rate.
### **2. Verification and Compliance:**
1. **Verify GST Rate:**
- It's essential to verify the applicable GST rate based on the latest notifications and circulars issued by the Government of India or the GST Council. Tax slabs can be updated, so always refer to the most recent updates or consult a GST expert.
2. **Check Invoice Details:**
- Ensure that the GST charged is correctly mentioned on the invoice. The GST rate should be clearly stated, and the total GST amount should be calculated accordingly.
3. **Cross-Reference with Government Notifications:**
- Refer to GST notifications or the GST rate schedule provided by the CBEC (Central Board of Indirect Taxes and Customs) or GST Council for the most accurate and current information.
### **3. Tax Slab Confirmation:**
- **GST Notification/Rate Schedule:**
- Check the latest GST rate schedules available on the official GST portal or from the latest government notifications to confirm the rate applicable to manlift and boomlift hiring.
- You can visit the official GST website or consult with a tax professional to get the most accurate and updated information.
### **Summary**
For the hiring or leasing of manlifts and boomlifts, the GST rate generally applicable is **18%**. However, it's crucial to verify this with the most recent GST notifications or consult with a tax professional to ensure compliance and accurate tax application. Always ensure that the invoices you receive comply with the correct GST rate and reflect the proper amount of tax.
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