21 January 2023
Sir, one of my client (GST Registered) has purchased a Road Roller for Rs. 15.00 lac and had given it to third party (Unregistered) on monthly rent basis. What Rate of GST is payable by me client ? Whether my client can avail ITC paid on purchase of above road roller ?
21 January 2023
Yes, you can avail ITC if it is your business of renting of machinery/Vehicle and 18% is the GST rate for renting. your client has to pay GST.
CAclubindia
