https://www.taxtmi.com/highlights?id=88830 AAR determined that leasing goods carriage vehicles to a Goods Transport Agency (GTA) qualifies for Nil rate taxation under Notification No. 12/2017-CT (Rate). The ruling clarified that the service provider need not be a GTA to claim the tax exemption. The classification falls under Chapter heading 9973 for 'Leasing or rental services without operator'. The key condition is that the vehicle is provided to a recognized GTA, with no additional restrictions on the vehicle owner's status. The service is considered a taxable supply charged at Nil rate, effectively providing a tax exemption for vehicle leasing to transportation agencies. en-us Wed, 28 May 2025 08:26:36 +0530 Wed, 28 May 2025 08:26:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=88830 AAR determined that leasing goods carriage vehicles to a Goods Transport Agency (GTA) qualifies for Nil rate taxation under Notification No. 12/2017-CT (Rate). The ruling clarified that the service provider need not be a GTA to claim the tax exemption. The classification falls under Chapter heading 9973 for 'Leasing or rental services without operator'. The key condition is that the vehicle is provided to a recognized GTA, with no additional restrictions on the vehicle owner's status. The service is considered a taxable supply charged at Nil rate, effectively providing a tax exemption for vehicle leasing to transportation agencies. Highlights GST Wed, 28 May 2025 08:26:36 +0530 https://www.taxtmi.com/highlights?id=88830