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Gst on hiring of vehicle


CA Ankit Agarwal (CA, CS)     05 December 2017

CA Ankit Agarwal
CA CS 
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A company is hiring a bus for for their employees for 3 years.

Hiring charge- 1200 per day. For 3 year= Rs. 13,14,000

Diesel charge for 3 year = Rs. 15,00,000.

What will be the GST impact on above transaction.

Note- Contract is to be awarded to the provider of vehicle .

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sanjith kotni (Articled assistant)     05 December 2017

sanjith kotni
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Gst should be charged on reverse charge basis only on the hire charges of 1200 per day since the hire charges are borne by you no need of paying gst on the same under reverse charge

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sanjith kotni (Articled assistant)     05 December 2017

sanjith kotni
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See the rate under Gst as earlier abatement is there now the effect of same is given in the rate of gst itself around 5 % I think since earlier service tax was there on 40% of the bill

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sanjith kotni (Articled assistant)     05 December 2017

sanjith kotni
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The rate of gst to be checked it is 18% if fuel cost is borne by us...


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