WebFeb 11, 2024 · Solution: The TDS rate and amount on car hire charges will be at 1% and Rs. 350 respectively since it is an HUF and passes the threshold of Rs. 30,000. For the … WebJan 3, 2024 · Services provided by way of renting of a motor vehicle provided to a body corporate. Any person other than a body corporate, paying central tax at the rate of 2.5% on renting of motor vehicles with …
GST on Cab and Taxi Services - A Complete Guide - TaxAdda
WebFeb 11, 2024 · At what rateTDS will be deducted on payment of car hire charges? Solution: The TDS rate and amount on car hire charges will be at 1% and Rs. 500 respectively since it exceeds the threshold limit of Rs. 30,000 as has been provided under Section 194C of the Act. Illustration: A, B and C are part of an HUF. WebApr 14, 2024 · Industry/Sector Specific Analysis – CS Professional Advance Tax Law Study Material. Question 1. Write a short note on “educational institution. Answer. “Educational lnstitution means an institution providing services by way of,-. pre-school education and education up to higher secondary school or equivalent; ezpay texas
GST Under RCM on Renting of Motor Vehicle - TaxGuru
WebBook your truck today and move yourself! Available 24/7 including overnight hire. Return any time. Rates and Inclusions-----• $300 Bond Truck hire inclusions • Full Insurance • Optional cover • NRMA 24-hour Roadside Assist • 640kg Tailgate Lift • Normal Car license • Truck supplied with full tank to be returned filled up as well • Air-conditioned trucks with … WebApr 10, 2024 · MACHINERY AND PLANT. (1) Machinery and plant other than those covered by sub-items (2), (3) and (8) below : [Rate of depreciation shall be 40% if conditions of Rule 5 (2) are satisfied] 15. (2) (i) Motor cars, other than those used in a business of running them on hire, acquired or put to use on or after the 1st April, 1990 except those covered ... WebAug 21, 2024 · According to the above-referred notification, the motorcar service provider has the following two options, in terms of GST rates:-To pay GST @5%, where the input … hikari pgr