Sir, my client is primarily a gta service provider in Maharashtra, whereas he is also running a petrol pump owned by a third person in Goa. Further, as per agreement for running the petrol pump my client will be entitled for all profits received from the operation of the petrol pump after incurring all expenses and in return my client will pay ownership fee to the owner of the petrol pump
My question is, whether the profit earned as per the agreement will be taxable for gst and if, yes, than which SAC will apply.
Petrol Pump Operations: GST Implications on Renting and Supply of Tangible Goods Explored Under Business Support Services A discussion on whether operating a petrol pump is taxable under GST involves a client who manages a petrol pump in Goa, owned by a third party, while primarily providing GTA services in Maharashtra. The client receives profits from the petrol pump after expenses and pays an ownership fee. One response suggests it could be taxable as business support services, depending on the agreement's structure. Another response identifies two services involved: renting of immovable property and supply of tangible goods, both subject to GST. A third response concurs with the view that it amounts to renting of immovable property. (AI Summary)