Hello All,
If an Unregistered Individual is providing Car for hire to a registered corporate entity or partnership firm or an individual, than does the RCM is applicable and if yes than how much rate is applicable?
3 Replies
Tanvi Patel
(Deputy Accounts Manager)
(95 Points)
Replied 05 November 2020
Can anyone suggest on this query
Parvej akhtar
(Professional)
(105 Points)
Replied 05 November 2020
|
Amendend Circular Specifies supplier as Any person, other than a body corporate who supplies the service to a body corporate and does not issue an invoice charging central tax at the rate of 6 percent to the service recipient Here supplier can be any person not only a registered person as specified by the circular, hence RCM will be applicable even Supplier is unregistered, Kindly note: Clarification with respect to the same is still awaited. |
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