GST levied rate on Renting of motor cab business
What is the present GST rate tariff on Renting of motor cab? How much GST tax payable on Renting of motor cab? Present Indian GST charges on Renting of motor cab?
The below information details about GST imposed rate on Renting of motor cab
We already know that the GST slabs are pegged at 5%, 12%, 18% & 28%. under GST- 5 percent for essential goods, standard rate of 12 and 18 percent, high rate of 28 percent and peak rate of 28 percent plus cess for luxury items. The most essential goods and services attract nil rate of GST under Exempted Categories
The rate of GST on Renting of motor cab (If fuel cost is borne by the service recipient, then 18% GST will apply) fixed by GST council at the introduction of GST in July, 2017 is 5% NO ITC
This detail about GST rate tariff on Renting of motor cab is only for information.
The validity of above information and amendments about GST rate on Renting of motor cab may be verified before any business dealing.
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