AMAN KUMAR (ACCOUNTS OFFICER) (58 Points)
11 September 2017IF we paid GST @ 5% on vehicle hired on the monthly rental basis (including diesel & driver salary) either RCM or a Registered vendor under normal process, Can we claim ITC on the GST paid on Vehicle Hired or not?
AMAN KUMAR
(ACCOUNTS OFFICER)
(58 Points)
Replied 11 September 2017
Please clarify as per govt notification:-
“(i) Renting of motorcab where the cost of fuel is included in the consideration charged from the service recipient.
2.5
Provided that credit of input tax charged on goods and services used in supplying the service has not been taken
[Please refer to Explanation no. (iv)]
But is the meaning of this above notification whether the GST @ 5% No ITC or we can claim ITC pls guide.
CA Shashikumar PN
(Consultant - Taxation)
(264 Points)
Replied 11 September 2017
CA Shashikumar PN
(Consultant - Taxation)
(264 Points)
Replied 11 September 2017
CA Shashikumar PN
(Consultant - Taxation)
(264 Points)
Replied 11 September 2017
CA Shashikumar PN
(Consultant - Taxation)
(264 Points)
Replied 11 September 2017
AMAN KUMAR
(ACCOUNTS OFFICER)
(58 Points)
Replied 11 September 2017
@ Shashikiran PN, Thanks for your reply, That Means As a receiver of the service, Some Service Provider of Rental Motor Car is not Registered and as a service receiver we have to pay GST under RCM @ 5% with NO ITC Claim as well as If service Provider claim GST @ 5% we have to pay the same and we will not claim GST @ 5% of GST Value which we have paid, IS it, right sir ?
CA Shashikumar PN
(Consultant - Taxation)
(264 Points)
Replied 11 September 2017
CA Shashikumar PN
(Consultant - Taxation)
(264 Points)
Replied 11 September 2017
Ravi Pandey
(21 Points)
Replied 11 September 2017
AMAN KUMAR
(ACCOUNTS OFFICER)
(58 Points)
Replied 11 September 2017
Ok, means as a service receiver we will not claim the ITC on vehicle hired on Rental Basis, Where as Service provide the Vehicle on Rental Basis if they charge GST @ 5% they shall claim the FULL ITC, Is it Right?
Charan
(Student CA IPC / IPCC)
(24 Points)
Replied 16 January 2018
@ CA Shashikumar PN
Sir,
The rent a cab as referred in S.17(5) is different from transportation of passengers in the motor cab. So, on this basis -
1. Can a person (recipient) claim ITC if he avails Service from Ola...?? - As this is not rent a cab & is a Transportation of passengers in motor cab
2. Can a person (recipient) claim ITC if he avails Service from Zoom...?? - This definitely amounts to rent a cab, in my view (pl correct if I'm wrong)
3. Can a person (recipient) claim ITC if he avails Service from a contract (on a monthly rental basis - Bus/Cab) travels agency for giving transportation service to employees of a company...??
Pramud Barman
(Nothing)
(35 Points)
Replied 07 March 2018
18% or 5%
In case a contractor/ agency provides monthly hired vehicle services to a Company/Central PSU for a period of 2 years as per following bill details then what will be the GST Rate.
Please let me know whether it will be 18% or 5%
|
Sl. No. |
Item Descripttion |
Unit |
Qty |
Rate |
Amount |
|
1 |
Fixed Charge (upto 2000 KM) |
Per Month |
1 |
85,000.00 |
85,000.00 |
|
2 |
Running Charge |
Per KM |
100 |
10.00 |
1000.00 |
|
3 |
Night Halt |
Per Night |
22 |
500.00 |
11,000.00 |
|
4 |
Extra Hour |
Per 1 Hour |
117 |
50.00 |
5,850.00 |
|
5 |
Parking Fees |
At Actual |
|
|
1,820.00 |
|
6 |
Others (if any) |
At Actual |
|
|
|
|
Total Rs. |
|||||
|
Note: Fixed charge included driver salary, PF, ESIC, Insurance of the vehicle, Repairing & Maintenance of the vehicle etc except sl. 2, 3, 4 & 5 above |
|||||
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