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TMI BlogINCOME FROM RENT COLLECTION OF TIPPERX X X X Extracts X X X X X X X X Extracts X X X X ..... A contractor registered under GST also having hire collection from one Tipper truck. What is the GST Liability on his collection from Tipper? - Reply By KASTURI SETHI - The Reply = 18% Chapter/Heading No. 9973 . - Reply By Hemanth Kumar - The Reply = There is some confusion created due to change in service classification and the rate of tax would be as follows SAC Description ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of service Rate of tax 9973 -(Leasing or rental services without operator) (iii) Transfer of the right to use any goods for any purpose (whether or not for a specified period) for cash, deferred payment or other valuable consideration. Same rate of central tax as on supply of like goods involving transfer of title in goods 9966 (Rental se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rvices of transport vehicles [with operators] [(iii) Rental services of transport vehicles with [***]56 operators, other than (i) and (ii) above. 18% Regards CA Hemanth Kumar - Reply By KASTURI SETHI - The Reply = Here rate of supply of the same goods is applicable which is 18 % mentioned against 9973. - Reply By Renju Joy - The Reply = Under Heading 9965 Servic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es by way of transportation of goods- (a) by road except the services of- (i) a goods transportation agency; (ii) a courier agency; (b) by inland waterways. shall be treated as NIL rated. Kindly clarify. - Reply By KASTURI SETHI - The Reply = 9965 is not applicable here. This service falls under erstwhile Right to use of tangible goods . Now under GST this service falls under 99 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 73 and no exemption is available. - Reply By Renju Joy - The Reply = Heading 9965 is Notified vide Notification No. 12/2017- Central Tax (Rate) which states that service by way of transportation of goods is a NIL rated supply. Kindly clarify. - Reply By KASTURI SETHI - The Reply = See Notification No.20/19-CT(R) dated 30.9.19 (Serial No.h) amending original notification no.11/17-CT(R) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dated 28.6.17 (serial no.viia and viii). Leasing or renting of goods. Tipper has been treated as goods. Whether you go for (viia) or (viii) rate of GST is 18% in both ways. In my view, here supply is covered under (viia). No question of nil rate arises. - Reply By CA HemanthKumar - The Reply = Yes, said exemption entry is for transportation of goods. In case if your services falls under the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... said category i.e. you have agreed to provide transport services i.e. picking and delivery services instead of renting of truck on monthly basis , exemption can be applied. - Reply By KASTURI SETHI - The Reply = Exemption is available if hired to GTA . Serial No.22 of Notification No.12/17-CT(R) refers. - INCOME FROM RENT COLLECTION OF TIPPER - Query Started By: - Renju Joy Dated:- 23-12-2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 020 Goods and Services Tax - GST - Got 9 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.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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