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?
Tanvi Patel (Deputy Accounts Manager) (95 Points)
21 October 2020Hello 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?
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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