TaxTMI 
TaxTMI 
INCOME FROM RENT COLLECTION OF TIPPER
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....NCOME FROM RENT COLLECTION OF TIPPER<br> Query (Issue) Started By: - Renju Joy Dated:- 23-12-2020 Last Reply Date:- 27-12-2020 Goods and Services Tax - GST<br>Got 9 Replies<br>GST<br>A contractor registered under GST also having hire collection from one Tipper truck. What is the GST Liability on his collection from Tipper? Reply By KASTURI SETHI: The Reply: 18% Chapter/Heading No. 9973 . Reply ....
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....By Hemanth Kumar: The Reply: There is some confusion created due to change in service classification and the rate of tax would be as follows SAC Description of service Rate of tax 9973 -(Leasing or rental services without operator) (iii) Transfer of the right to use any goods for any purpose (whether or not for a specified period) for cash, deferred payment or other valuable consideration. Sa....
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....me rate of central tax as on supply of like goods involving transfer of title in goods 9966 (Rental services of transport vehicles [with operators] [(iii) Rental services of transport vehicles with [***]56 operators, other than (i) and (ii) above. 18% Regards CA Hemanth Kumar Reply By KASTURI SETHI: The Reply: Here rate of supply of the same goods is applicable which is 18 % mentioned again....
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....st 9973. Reply By Renju Joy: The Reply: Under Heading 9965 Services by way of transportation of goods- (a) by road except the services of- (i) a goods transportation agency; (ii) a courier agency; (b) by inland waterways. shall be treated as NIL rated. Kindly clarify. Reply By KASTURI SETHI: The Reply: 9965 is not applicable here. This service falls under erstwhile "Right to use ....
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....of tangible goods". Now under GST this service falls under 9973 and no exemption is available. Reply By Renju Joy: The Reply: Heading 9965 is Notified vide Notification No. 12/2017- Central Tax (Rate) which states that service by way of transportation of goods is a NIL rated supply. Kindly clarify. Reply By KASTURI SETHI: The Reply: See Notification No.20/19-CT(R) dated 30.9.19 (Serial No....
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.....h) amending original notification no.11/17-CT(R) dated 28.6.17 (serial no.viia and viii). Leasing or renting of goods. Tipper has been treated as goods. Whether you go for (viia) or (viii) rate of GST is 18% in both ways. In my view, here supply is covered under (viia). No question of nil rate arises. Reply By CA HemanthKumar: The Reply: Yes, said exemption entry is for transportation of goods.....
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.... In case if your services falls under the said category i.e. you have agreed to provide transport services i.e. picking and delivery services instead of renting of truck on monthly basis , exemption can be applied. Reply By KASTURI SETHI: The Reply: Exemption is available if hired to GTA. Serial No.22 of Notification No.12/17-CT(R) refers.<br> Discussion Forum - Knowledge Sharing ....