https://www.taxtmi.com/article/detailed?id=8775 HSN 9966 is now limited to renting of road vehicles with operators and HSN 9973 to leasing/rental of machinery and equipment without operators, following 30 September 2019 notifications. Reclassification of vehicle rentals without operators from 9966 to 9973 may change applicable tax rates and affect blocked input tax credit for motor vehicle rentals. Effective 1 October 2019, renting of motor vehicles can attract reverse charge where the supplier is non corporate, the recipient is corporate, and the supplier charges the lower fuel inclusive tax and has restricted credits, with registration and anti profiteering implications. en-us Tue, 15 Oct 2019 10:54:10 +0530 Tue, 15 Oct 2019 10:54:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8775 HSN 9966 is now limited to renting of road vehicles with operators and HSN 9973 to leasing/rental of machinery and equipment without operators, following 30 September 2019 notifications. Reclassification of vehicle rentals without operators from 9966 to 9973 may change applicable tax rates and affect blocked input tax credit for motor vehicle rentals. Effective 1 October 2019, renting of motor vehicles can attract reverse charge where the supplier is non corporate, the recipient is corporate, and the supplier charges the lower fuel inclusive tax and has restricted credits, with registration and anti profiteering implications. Articles Goods and Services Tax - GST Tue, 15 Oct 2019 10:54:10 +0530 https://www.taxtmi.com/article/detailed?id=8775