Treatmemt of Rent/ hire of machinery

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..... Treatmemt of Rent/ hire of machinery
Query (Issue) Started By: - BIBHUTIBHUSAN PATTANAIK Dated:- 5-4-2018 Last Reply Date:- 7-4-2018 Goods and Services Tax - GST
Got 2 Replies
GST
Sir s .....

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..... ub- A reg. dealer having machine want to let out his machine to a Reg dealer, how can i give effect in both parties Reply By Ganeshan Kalyani: The Reply: Sec 7(a) of CGST Act, 2017 states as, &qu .....

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..... ot; all forms of supply of goods or services or both such as sale, transfer, barter, exchange, licence, rental, lease or disposal made or agreed to be made for a consideration by a person in the cours .....

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..... e or furtherance of business;" GST is applicable on renting out the machinery to another registered dealer. Tax invoice shall have to be raised. Applicable GST need to be paid to the Gvt Reply .....

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..... By YAGAY AND SUN: The Reply: Depending on the term & conditions if rent is being on monthly basis then you need to raise an Tax Invoice on Monthly basis under the provisions of GST Laws.
Discussi .....

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..... on Forum - Knowledge Sharing .....

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