TaxTMI 
TaxTMI 
Exempt supply by GTA
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....xempt supply by GTA<br> Query (Issue) Started By: - Rajat Gupta Dated:- 10-9-2024 Last Reply Date:- 20-9-2024 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>XYZ is registered as GTA under the GST Act. Apart from goods transport service under RCM basis, it also provides its own vehicle on hire to other GTAs, which happens to be an exempt supply. Is XYZ also required to issue bill of supply....
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.... for such vehicles provided on hiring basis? Reply By PRIYACHARAN SR: The Reply: The hiring of vehicles by a Goods Transport Agency (GTA) is exempt under GST as per Entry No. 22 of Notification No. 12/2017 - Central Tax (Rate) dated June 28, 2017. This entry specifically exempts services by way of giving on hire a means of transportation of goods to a goods transport agency. Since its an exempt ....
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....supply issuing a bill of supply is mandatory as per section 31(3). Disclaimer : IMO, please proceed as feasible. Reply By Shilpi Jain: The Reply: Why at all registration is required under GST. Can consider surrendering registration, in which case no documents prescribed under GST need to be issued. Commercial invoice can be issued. However, if registered under GST then for the hire transactio....
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....n BoS required to be issued. Reply By Mary Bridges: The Reply: Yes, since XYZ is providing an exempt supply (hiring of vehicles), it is required to issue a bill of supply as per GST rules. Exempt supplies don't attract GST, but proper documentation is still necessary for compliance.<br> Discussion Forum - Knowledge Sharing ....