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GST on renting oxygen cylinder

1610 views 5 replies

vinit

nasik

56 Points Joined November 2016

as i have a business of sale of gas so when i sale a cylinder i ultimately sale gas and as i give cylinder for a period and take it back i cahrge rent on it...so what would be the tax levy.

Replies (5)

Gopal Kumar Gupta

Accounts & Tax Consultant

206 Points Joined November 2014

If you are registered dealer then you have to charge CGST and SGST to your customer and issue tax invoice to them.

vinit

nasik

56 Points Joined November 2016

is it composite or mixed supply?

Gopal Kumar Gupta

Accounts & Tax Consultant

206 Points Joined November 2014

composite supply

Manoj Patel

2 Points Joined May 2019

What should be HSN code in case we charge rent for Particular Period ??? i am talking about industrial Oxygen Gas cylinder

Manisha Jain

Student CA Final

23 Points Joined September 2015

What should be HSN code FOR HOLDING OR IDLE CHARGES OF industrial Oxygen Gas cylinder ? IF WE TAKE CHARGES FORKEEPING CYLINDERS FOR EXTRA NO. OF DAYS.