Renting/leasing of agriculture machinery

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....enting/leasing of agriculture machinery<br> Query (Issue) Started By: - KARAN VERMA Dated:- 3-1-2020 Last Reply Date:- 6-1-2020 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br>Whether GST applic....

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....able on renting/leasing of harvester/ combine for agriculture purpose. whether company cllaim ITC on purchase of harvester/combine. Reply By KASTURI SETHI: The Reply: (1) Renting/leasing of agricul....

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....tural machinery is exempted from GST vide Notification No.12/17-CT(R) dated 28.6.17 as amended up to 30.9.19 at Serial no.54(f) HSN 9986 and Notification No.11/17-CT(R) dated 28.6.17 as amended up to ....

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....22.11.19 at Serial no.24 (d). Conditions mentioned therein are to be fulfilled. (2) Since harvester/combine (agricultural machinery) is to be used for supplying exempted service, ITC is not admissibl....

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....e. If used for taxable output supply of service, ITC is admissible (if supply of service is in exclusion clause).<br> Discussion Forum - Knowledge Sharing ....