Tax rate on ashok Leyland truck rent income

Thank you very much sir which tax rate on rent income 12%or 18%

But as goods transport agency  I declare 12% out put tax rate what to do

Goods transport service is different and rental service is different. Therefore different rates can be charged

Moreover if trucks are hired to GTA the service is exempt.

There is also a thin line of difference between hire and rent. 

Make your contracts carefully