WebJun 25, 2024 · Here, GST at 12% is not charged by Heena tours and travels. Then, Tata Steel Ltd will be liable to pay GST @ 5% on a reverse charge basis. Related Read: Implications Of GST On Warranty On …
What is the GST rate for hire charges? - Quora
WebApr 10, 2024 · If the asset has been put to use for less than 180 days during the year then 50% depreciation is allowed. Depreciation rate applicable for AY 2024-24 and AY 2024-25 under Income Tax Act Notes on depreciation rate on Assets 1. “Buildings” include roads, bridges, culverts, wells and tubewells. 2. WebJan 3, 2024 · Services provided by way of renting of a motor vehicle provided to a body corporate. Any person other than a body corporate, paying central tax at the rate of 2.5% on renting of motor vehicles with … ric to portland
Can input tax credit be availed on GST paid for hiring vehicles for ...
WebRepossession of the goods is not a supply and no GST is chargeable. When the financier subsequently sells the goods, the supply will be treated as being made by the hirer. Thus, if the hirer is GST-registered, the financier (whether or not he is GST-registered) is required to charge GST on the sale. WebPassengers transport services - gst rates & sac code 9964; Goods transport services - gst rates & sac code 9965; Vehicle rental services - gst rates & sac code 9966; Supporting … WebApr 13, 2024 · GST rate for motor vehicle hire charges given on monthly contract basis 5% -- ITC cannot be taken by service receipeint 12% -- benefit of ITC can be taken by service receipeint Leave a reply Your are not logged in . Please login to post replies Click here to Login / Register Previous Thread Next Thread Recent Topics Interest Paid to HUF ric to rsw