Regarding Renting of Truck to a Company for transport of goods

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4 Points Posted on 31 December 2022
Sir, I have one own truck, and also I am taking the trucks from others and giving it to the company for the transportation of goods on rent.
It is liable to pay GST? If yes what is the rate of tax? Or do I need to pay on a tax RCM basis? Please clarify
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On 31 December 2022 at 23:11 Report
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Quick Summary
This discussion addresses whether GST is applicable when renting out one's own truck and additional trucks taken from others to a company for goods transportation. The user is seeking clarification on tax rates and if the Reverse Charge Mechanism (RCM) needs to be considered. Expert advice suggests reviewing Section 22 of the GST Act and considering the scale of operations.

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Profession
28261 Points Posted on 01 January 2023
Follow provisions laid down in Sec 22 of GST ACT.
BUT IF IT IS ON A BIGGER SCALE YOU HV TO PROCEED.
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On 01 January 2023 at 10:46
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Student CA Final
422 Points Posted on 01 January 2023
Hi Shalini,

Are you giving truck on Hire basis or you are charging transportation cost from company?

Thanks
CA Bhavana
Bhavana @ lbkca.in
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On 01 January 2023 at 14:36

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