Deepak Gupta | Aug 25, 2017 |
REVISED GST RATE FOR RENT A CAB | GOODS TRANSPORT AGENCY (GTA)
Government has Revise the Rate of Rent a Cab, Goods Transport Agency (GTA), vide Notification No. 20/2017-Central Tax (Rate) dated 22.08.17. Below are the Summary of the Notification.
Govt Seeks to amend notification No. 11/2017-CT(R) to reduce CGST to provide option to GTA & transport of passengers by motorcab service providers to avail full ITC & discharge GST @ 6%. Notification No. 20/2017-Central Tax (Rate) New Delhi, the 22nd August, 2017
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PARTICULARS | OLD RATE | NEW RATE |
Rent-a-cab service | 5 % [Provided that credit of input tax charged on goods and services used in supplying the service has not been taken [Please refer to Explanation no. (iv)]] | Allowed option of 12% GST with full ITC. 5% GST with no ITC will also continue |
Services of goods transport agency (GTA) | 5 % [Provided that credit of input tax charged on goods and services used in supplying the service has not been taken. | Allowed option of 12% GST with full ITC. 5% GST with no ITC will also continue |
GST Impact on High Sea Sale | High Sea Sales under GST
Download the official notification 20/2017 Central Tax(rate) dated 22.08.2017
Download the official notification 11/2017 Central Tax(rate) dated 28.06.2017
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