Treatmemt of Rent/ hire of machinery

[BIBHUTIBHUSAN PATTANAIK]

Sir

sub-

A reg. dealer having machine want to let out his machine to a Reg dealer, how can i give effect in both parties

AI Summary

GST Applies to Machinery Rentals Between Dealers Under Section 7(a) of CGST Act 2017; Issue Monthly Tax Invoices A registered dealer inquired about the GST implications of renting out machinery to another registered dealer. It was clarified that under Section 7(a) of the CGST Act, 2017, GST applies to the rental of machinery as it constitutes a supply of services. A tax invoice must be issued, and the applicable GST paid to the government. If the rental agreement specifies monthly payments, a tax invoice should be raised monthly in accordance with GST laws.