Renting of Trucks to GTA

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..... Limited Company rented (monthly Rental with out driver) out trucks which are used for transportation and charged GST @18% to GTA which is a proprietory which is also charging GST @ 18% to its clients. The Limited adopted SAC 996601 and collected GST @18% and availed ITC on purchase of trucks and other expenses incurred for repair of trucks. Department view Notification 12/2017 exempt the .....

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..... Hire to GTA. Since the service is exempted the Limited Company can not avail ITC on purchase of lorries. The company view: SAC 996601 is for Renting and Rate given 18%. Collect and paid hence eligible to avail ITC. Please Clarify. - Reply By Shilpi Jain - The Reply = Renting of vehicle to GTA is exempt and thereby itc not eligible. For an unconditionally exempt supply no option of payi .....

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..... ng tax as per section 11 - Reply By KASTURI SETHI - The Reply = Dear Querist, The department is absolutely right. SAC 996601 clearly talks of 'Renting out motor vehicles with operator' . How can you classify your service without driver under SAC 996601 ? I agree with the views of Madam Shilpi Jain. - Reply By CAHemanth Kumar - The Reply = Dear sri sri Servic .....

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..... es by way of giving on hire to (b) to a goods transport agency, a means of transportation of goods would be exempt from GST. Further these exemption covers both the SAC i. 9973 (Leasing or rental services, 100[***] without operator) ii 9966 (Rental services of transport vehicles 96[with operators]) - Renting of Trucks to GTA - Query Started By: - sri sri Dated:- 7-1-2022 Goods and S .....

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..... ervices Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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