03 December 2019
Ours is a pvt ltd co. there is as contractor who provides us cars for transportation of employees & for other official duties. The service provider is an individual. He issues us monthly car hire bills charging gst @ 18%. After the recent notification as on 01.10.19 he is willing to charge gst @ 12% on his bill. As a company whether we will be covered under RCM provisions or the service provider wll charge as per forward charge mechanism & we will avail ITC
03 December 2019
If cab services provided by individual to body corporate , the GST under RCM is to be paid by service receipt ( Body Corporate) and no GST ITC is allowed .
CAclubindia
