REVISED GST RATE FOR RENT A CAB | GOODS TRANSPORT AGENCY (GTA)

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 You May Also Like: GST Advanced Certificate Course in Pendrive GST Software at discounted prices

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

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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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