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TMI BlogRenting of TipperX X X X Extracts X X X X X X X X Extracts X X X X ..... A proprietary concern dealer in cement having a turnover above 2crore also supply the service of renting of JCB Tipper. What is the GST implication of the supply of service of JCB Tipper?? - Reply By Ganeshan Kalyani - The Reply = GST @18% is applicable. - Reply By Renju Joy - The Reply = Sir If the turnover is 1crore is registered under composition scheme paying GST @1%.This cement de ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aler also supply renting of JCB Tipper for 4lakh.What is the GST applicable? - Reply By Alkesh Jani - The Reply = Shri In this case please refer 2nd proviso to Section 10(1) of CGST Act,2017 . Thanks - Reply By KASTURI SETHI - The Reply = Renting of machinery will attract GST@18% as opined by Sh.Ganeshan Kalyani Ji. The dealer has opted for Composition Scheme for goods and not f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or services. Turnover of service (renting) should not exceed Rs.five lakhs. It is 10% of turnover or Rs.five lakhs, whichever is higher. Supplying service to the extent mentioned above is additional facility for Composition Dealer. 1% is not applicable to supply of service. I support the views of Sh.Alkesh Jani Ji and Sh.Ganeshan Kalyani Ji. - Reply By Renju ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Joy - The Reply = His service is limited to 4lakh - Reply By Ganeshan Kalyani - The Reply = Thanks Sri Kasturi Sir. - Renting of Tipper - Query Started By: - Renju Joy Dated:- 22-6-2020 Goods and Services Tax - GST - Got 6 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagement ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... india.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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