GANGI NAIDU YANAMANDALA 27 January 2020
Dear sir /Madam
one of my client having PETROL Bunk
he RECEIVED Rent from INDIAN OIL COMPANY for using his Tanker for transportation of PETROL from storage point to Petrol Bunk...but our didn't raise any invoice on IOC ,Company transferred monthly to BANK account.
Amount is not a fixed one depending on Tanker capacity.
while filing GSTR-9 And 9-C where we have report and reconcile..
But in Audited Financial statements it's shown P& L as separate item Tanker Rent...
How to declare in GSTR-9 & 9C
THANKS IN ADVANCE
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RAJA P M ("Do the Right Thing...!!!") 27 January 2020
Yes... I agreed to Mr Anup Agarwal.,
@ Mr GANGI NAIDU.,
If You are giving the vehicle to rent then GST applicable as per above said reply...
You can show the same in Your Taxable value then only Values are matching with GSTR...
Pankaj Rawat (GST Practitioner) 28 January 2020
Services by way of transportation of goods by road other than by a GTA or a courier agency are exempt from tax under entry no. 18 of Notification no. 12/2017-Central Tax (Rate) .
RAJA P M ("Do the Right Thing...!!!") 28 January 2020
Dear Pankaj Rawat Ji.,
Yes... As per Your said notification Transportation of goods by road is exempted...
Note here not given transport service. Here vehicle give to RENT. this not under transportation...
Give Your opinion please...