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GST-Rcm

This query is : Resolved 

Hi All

one of my clients is engaged in the business of providing vehicles on rent. He also take such services from other vehicle owners and makes payment. for inward supplies whether GST is applicable under RCM if the other vehicle owners are URD. Payments are approx.. Rs. 40000 per month per vehicle.

Thanks in advance.

RCM applicable only if -
1. The supplier is not a body corporate.
2. Your client is a body corporate.
3. The supplier does not charge 12% GST.

Hello Sir
One more query on this.
Can I get credit of RCM paid on these transactions?

Thanks in advance.

In the same line of business,yes.

If I am paying GST @ 5% on output liability?

Then No ITC as the rate of 5% with the condition of NO ITC

Even RCM paid will not be available as ITC?

Yes, it will not be available.



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