CA Student
15932 Points
Posted on 16 January 2019
Such income is exempt vide Entry No. 22 of Notification Number 12/2017-Central Tax (Rate), dated 28th June, 2017.
"Services by way of giving on hire – (a) to a state transport undertaking, a motor vehicle meant to carry more than twelve passengers; or (b) to a goods transport agency, a means of transportation of goods."