GST-Rcm
This query is : Resolved
23 September 2021
Hi All
one of my clients is engaged in the business of providing vehicles on rent. He also take such services from other vehicle owners and makes payment. for inward supplies whether GST is applicable under RCM if the other vehicle owners are URD. Payments are approx.. Rs. 40000 per month per vehicle.
Thanks in advance.
one of my clients is engaged in the business of providing vehicles on rent. He also take such services from other vehicle owners and makes payment. for inward supplies whether GST is applicable under RCM if the other vehicle owners are URD. Payments are approx.. Rs. 40000 per month per vehicle.
Thanks in advance.
23 September 2021
RCM applicable only if -
1. The supplier is not a body corporate.
2. Your client is a body corporate.
3. The supplier does not charge 12% GST.
1. The supplier is not a body corporate.
2. Your client is a body corporate.
3. The supplier does not charge 12% GST.
24 September 2021
Hello Sir
One more query on this.
Can I get credit of RCM paid on these transactions?
Thanks in advance.
One more query on this.
Can I get credit of RCM paid on these transactions?
Thanks in advance.
24 September 2021
In the same line of business,yes.
24 September 2021
If I am paying GST @ 5% on output liability?
24 September 2021
Then No ITC as the rate of 5% with the condition of NO ITC
27 September 2021
Even RCM paid will not be available as ITC?
27 September 2021
Yes, it will not be available.
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