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Exempt supply by GTA, Goods and Services Tax - GST |
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Exempt supply by GTA |
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XYZ is registered as GTA under the GST Act. Apart from goods transport service under RCM basis, it also provides its own vehicle on hire to other GTAs, which happens to be an exempt supply. Is XYZ also required to issue bill of supply for such vehicles provided on hiring basis? Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
The hiring of vehicles by a Goods Transport Agency (GTA) is exempt under GST as per Entry No. 22 of Notification No. 12/2017 – Central Tax (Rate) dated June 28, 2017. This entry specifically exempts services by way of giving on hire a means of transportation of goods to a goods transport agency.
Since its an exempt supply issuing a bill of supply is mandatory as per section 31(3).
Disclaimer : IMO, please proceed as feasible.
Why at all registration is required under GST. Can consider surrendering registration, in which case no documents prescribed under GST need to be issued. Commercial invoice can be issued. However, if registered under GST then for the hire transaction BoS required to be issued. Page: 1 |
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