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Treading the GST Path XXX What is


RENTING A CAR

Renting a car means transfer of right to use to someone, which is a deemed sale. In the case of renting a car, I request the author to clarify whether compensatory cess is applicable or not. Renting a car is different from rent-a-cab service. A company can take a car in rental of their utilization in furtherance of their business. The renting activity is neither covered under 17(5)(a) or (b)(iii) of the CGST Act. In other words it is not covered under exclusion class for ITC. I request the author to share his views in this aspect, as the author has viewed that ITC is eligible for vehicles of having capacity of more than 12 passengers.
R. Vaidyanathan - Consultant Indirect taxation.

Ramadoss Vaidyanathan 26/08/2017

 

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