RENTING OF VEHICLES FROM ONE GTA TO ANOTHER GTA
This query is : Resolved
16 December 2022
Can a GTA provide the transportation vehicle to another GTA on monthly rent basis. Is it taxable under GST? If not do we have to bill the rent invoice and show it in exempted supplies? What is the SAC for the same? Whether TDS would be as per 94C or 94I ?
20 December 2022
Yes, it's not taxable under GST.
Yes, it's exempt supply.
194c TDS applicable.
Yes, it's exempt supply.
194c TDS applicable.
20 December 2022
THANK YOU SIR,
WHAT ABOUT SAC CODE SIR?
WHAT ABOUT SAC CODE SIR?
21 July 2025
SAC Code for Renting of Vehicles
The SAC (Services Accounting Code) applicable for renting of motor vehicles (excluding vehicles meant for transport of goods or passengers) is:
996712 – Renting of motor vehicles
Since the renting is exempt, it should still be reported under this SAC code but as exempt supply.
The SAC (Services Accounting Code) applicable for renting of motor vehicles (excluding vehicles meant for transport of goods or passengers) is:
996712 – Renting of motor vehicles
Since the renting is exempt, it should still be reported under this SAC code but as exempt supply.
22 July 2025
Thank you very much sir
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
- Opting our of sec 44AD
- Value of property in capital gain
- Copyright software
- Form 121 & TDS deduction
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- Regarding TDS Applicability For Director Remuneration
- Regarding appeal to GSTAT
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
