Gst rate for machinery rental service

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accounts officer
178 Points Posted on 04 August 2023
what is the gst rate for machinery rental service
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On 04 August 2023 at 11:18 Report
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Quick Summary
The discussion clarifies the Goods and Services Tax (GST) rate applicable to machinery rental services. The consensus indicates that the standard GST rate for such services is 18%, often falling under Service Accounting Code (SAC) 9973. While 18% is the prevailing rate, it's noted that the exact classification might depend on the specific nature of the service provided.

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TAX PRACTITIONER
153 Points Posted on 04 August 2023

gst rate for machinery rental service - 18% (SAC - 9973)

 

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On 04 August 2023 at 11:22
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Chartered Accountant
24588 Points Posted on 04 August 2023
18% rate
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On 04 August 2023 at 12:11
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Profession
28269 Points Posted on 04 August 2023
Gst rate for machinery rental service but depending on the nature of service provided.
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On 04 August 2023 at 12:53
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Chartered Accountant
24588 Points Posted on 04 August 2023
It should be 18%
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On 04 August 2023 at 15:27
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Profession
28269 Points Posted on 06 August 2023
18% as per cbic.gov.in
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On 06 August 2023 at 15:18
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"Do the Right Thing...!!!"
128157 Points Posted on 06 August 2023
Its 18%
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On 06 August 2023 at 15:26

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