GST Tax Rate for Car, Bike and Vehicle Rental Services
Find the GST Tax Rate, HSN code or SAC code of GST Tax Rate for Car, Bike and Vehicle Rental Services.
GST rate for all services and goods have been notified by the GST Council. GST rate for services fall under the 0%, 5%, 12%, 18% or 28% slabs. Further, GST registration is now mandatory for all persons who are classified as a taxable person under GST. Since, car or vehicle rental services often involve inter-state supply of services, GST registration would be mandatory for majority of entities involved in car or vehicle rental services. In this article, we look at the GST rate for car, bike and vehicle rental services.
GST Tax Rate for Car or Vehicle Rental Services
18% GST is applicable on renting of motorcab, if fuel cost is borne by the service recipient. Further, leasing of aircrafts by a scheduled airlines for scheduled operations is taxed at 5% GST rate with input tax credit allowed for input services.
Services by way of giving on hire the following is exempt from GST:
- To a state transport undertaking, a motor vehicle meant to carry more than twelve passengers; or
- To a goods transport agency, a means of transportation of goods;
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