Gst on bus hire charges received
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 August 2017
I have a bus which is given on hire to a company for carrying school children. I receive Rs.5000/- daily as hire charges. The fuel cost is paid by me. My annual receipt will be around 7.00 lac. Am a liable to get registered under GST ? If yes, what GST rate I will to pay to the govt. ? Please advise me accordingly.
16 August 2017
Since, your turnover would be less than 7 lakh per year, you need not register under GST.
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