Transportation of passenger
This query is : Resolved
09 May 2019
Respected sir,
we have contract with company to transport their officer from one place to another place by vehicle(car and owned by us) at predetermined contract price, cost of fuel is bared by us. we just get our contract money. so at what rate of gst will be applicable.
If there is any change happen in tax rates please provide notification no.
Thank you.
we have contract with company to transport their officer from one place to another place by vehicle(car and owned by us) at predetermined contract price, cost of fuel is bared by us. we just get our contract money. so at what rate of gst will be applicable.
If there is any change happen in tax rates please provide notification no.
Thank you.
CA Anita Bhadra
(Expert)
09 May 2019
Its 12% with full ITC or 5% without ITC
Government has revised the rate of GST on Rent a cab service vide notification no. 20/2017 – Central Tax (Rate) dated 22 August, 2018.
In this process, the government had reduced GST liability of transport of passengers by motorcab service providers by providing them with two options of either availing full ITC and discharge GST @12% or a GST liability of 5% with no ITC benefit available.
Government has revised the rate of GST on Rent a cab service vide notification no. 20/2017 – Central Tax (Rate) dated 22 August, 2018.
In this process, the government had reduced GST liability of transport of passengers by motorcab service providers by providing them with two options of either availing full ITC and discharge GST @12% or a GST liability of 5% with no ITC benefit available.
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
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Visiting card purchase
- GST on reimbursement of expenses
- Whether output tax is taken credit by purchaser
- Number of years as per AS amortisation of Goodwill
- Additional trade name
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Equity Share Sale and Purchase
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
