Input tax credit on hire

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115 Points Posted on 04 September 2022
trucks given on hire to GTA are exempt from GST
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On 04 September 2022 at 14:44 Report
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Quick Summary
Services involving the hire of trucks to a Goods Transport Agency (GTA) are exempt from GST. This exemption is covered under entry no. 22 of Notification no. 12/2017-Central Tax (Rate). Therefore, input tax credit on such truck hires is generally not applicable due to the exemption.

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GST Practitioner
55067 Points Posted on 04 September 2022
Yes
Services by way of giving on hire, a means of transportation of goods to a GTA are exempt from tax vide entry no. 22 of Notification no. 12/2017-Central Tax (Rate) dated 28th June, 2017.
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On 04 September 2022 at 15:53
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Chartered Accountant
86505 Points Posted on 05 September 2022
Yes, same is exempted
4 Reply
On 05 September 2022 at 00:03

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