TaxTMI 
TaxTMI 
Renting of Trucks to GTA
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....enting of Trucks to GTA<br> Query (Issue) Started By: - sri sri Dated:- 7-1-2022 Last Reply Date:- 24-1-2022 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>Limited Company rented (monthly Rental with out driver) out trucks which are used for transportation and charged GST @18% to GTA which is a proprietory which is also charging GST @ 18% to its clients. The Limited adopted SAC 996601 an....
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....d collected GST @18% and availed ITC on purchase of trucks and other expenses incurred for repair of trucks. Department view Notification 12/2017 exempt the Hire to GTA. Since the service is exempted the Limited Company can not avail ITC on purchase of lorries. The company view: SAC 996601 is for Renting and Rate given 18%. Collect and paid hence eligible to avail ITC. Please Clarify. Reply By....
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.... Shilpi Jain: The Reply: Renting of vehicle to GTA is exempt and thereby itc not eligible. For an unconditionally exempt supply no option of paying tax as per section 11 Reply By KASTURI SETHI: The Reply: Dear Querist, The department is absolutely right. SAC 996601 clearly talks of 'Renting out motor vehicles with operator' . How can you classify your service without driver under SAC ....
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....996601 ? I agree with the views of Madam Shilpi Jain. Reply By CAHemanth Kumar: The Reply: Dear sri sri Services by way of giving on hire to (b) to a goods transport agency, a means of transportation of goods would be exempt from GST. Further these exemption covers both the SAC i. 9973 (Leasing or rental services, 100[***] without operator) ii 9966 (Rental services of transport vehicles 96[w....
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....ith operators])<br> Discussion Forum - Knowledge Sharing ....