Treatmemt of Rent/ hire of machinery

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....reatmemt of Rent/ hire of machinery<br> Query (Issue) Started By: - BIBHUTIBHUSAN PATTANAIK Dated:- 5-4-2018 Last Reply Date:- 7-4-2018 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>Sir su....

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....b- A reg. dealer having machine want to let out his machine to a Reg dealer, how can i give effect in both parties Reply By Ganeshan Kalyani: The Reply: Sec 7(a) of CGST Act, 2017 states as, &quo....

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....t; all forms of supply of goods or services or both such as sale, transfer, barter, exchange, licence, rental, lease or disposal made or agreed to be made for a consideration by a person in the course....

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.... or furtherance of business;&quot; GST is applicable on renting out the machinery to another registered dealer. Tax invoice shall have to be raised. Applicable GST need to be paid to the Gvt Reply B....

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....y YAGAY AND SUN: The Reply: Depending on the term & conditions if rent is being on monthly basis then you need to raise an Tax Invoice on Monthly basis under the provisions of GST Laws.<br> Discussio....

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