GST on renting of motor vehicle
This query is : Resolved
18 February 2020
Hello, if a company receive a invoice from an individual (service provider) who is registered under GST (Regular) with 18% (9%+9%) GST.
In this case any benefit to company receive an invoice without GST (as per notification 01.10.2019) and pay GST under RCM?
Is there any law compliance in future if receive invoice with GST?
Thanks
In this case any benefit to company receive an invoice without GST (as per notification 01.10.2019) and pay GST under RCM?
Is there any law compliance in future if receive invoice with GST?
Thanks
18 February 2020
An individual supplier has to charge 5% to the Company.
The Company can not take benefit as Cab Hire is blocked credit under Sec 17(5)
The Company can not take benefit as Cab Hire is blocked credit under Sec 17(5)
18 February 2020
But in this case individual is registered under GST, Can he issue invoice without GST & company will pay GST 12% (6%+6%).
18 February 2020
The individual will not charge GST, instead, he will mention in the invoice - GST payment will be made by the recipient under RCM
18 February 2020
REGISTERED PERSON CANNOT ISSUE INVOICE WITHOUT GST.
18 February 2020
For RCM, a Registered person will issue the invoice without adding GST ( He will mention the RCM GST amount in the inner column of the invoice.
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