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.
23 September 2021
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.
CAclubindia
