Renting/leasing of agriculture machinery

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..... Whether GST applicable on renting/leasing of harvester/ combine for agriculture purpose. whether company cllaim ITC on purchase of harvester/combine. - Reply By KASTURI SETHI - The Reply = (1) Rent .....

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..... ing/leasing of agricultural machinery is exempted from GST vide Notification No.12/17-CT(R) dated 28.6.17 as amended up to 30.9.19 at Serial no.54(f) HSN 9986 and Notification No.11/17-CT(R) dated .....

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..... 28.6.17 as amended up to 22.11.19 at Serial no.24 (d). Conditions mentioned therein are to be fulfilled. (2) Since harvester/combine (agricultural machinery) is to be used for supplying exempted .....

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..... service, ITC is not admissible. If used for taxable output supply of service, ITC is admissible (if supply of service is in exclusion clause). - Renting/leasing of agriculture machinery - Query .....

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..... Started By: - KARAN VERMA Dated:- 3-1-2020 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - t .....

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..... axmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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