We have received rent a cab invoice for Rs 50K we are liable to pay RCM..? and how to claim the same?
And also we have received invoice for Food meals which we providing to our employees every month... can we claim ITC on this invoice
please help us
Thanks
Vijith T K
Menu
Rent a Cab And Food
Replies (5)
2. ITC not available for food to employees...
1. Yes... Rcm applicable for service received from Cab. But, more details required for correct understanding.
1. Yes... Rcm applicable for service received from Cab. But, more details required for correct understanding.
We are providing cab to our employees to reach their home.. example Bus...
Food invoice ITC will be reflecting in GSTR 2 A
How to reverse that food invoice ITC...
Food invoice ITC will be reflecting in GSTR 2 A
How to reverse that food invoice ITC...
Dear TK
RCM is applicable only if the Supplier (Cab owner) is not a body corporate & Receptient (you) is Body corporate.
And Supplier is paying tax on FC @ 5% with limited ITC. (Refer Notification 22/2018 CT (r))
For food meal cannot claim ITC as it's block u/s 17(5)
RCM is applicable only if the Supplier (Cab owner) is not a body corporate & Receptient (you) is Body corporate.
And Supplier is paying tax on FC @ 5% with limited ITC. (Refer Notification 22/2018 CT (r))
For food meal cannot claim ITC as it's block u/s 17(5)
Thank you experts
If receipent is body corporate
and paying tax on RCM
are they eligible to take ITC for rent of cab??
and paying tax on RCM
are they eligible to take ITC for rent of cab??
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