RCM on Car Hiring of 6 Seater for our company
This query is : Resolved
18 August 2023
Dear Sir,
We have hired 6 seater car for our company for Rs 2000/- including fuel from unregister person.
This Car is used for our auditors.
My Question is how much minimum reverse charge we can pay for this hiring. Is it possible to pay 5% Reverse charge and in this rate of reverse charge cenvat credit is allowable?
Pls advise.
Regards
Motilal
We have hired 6 seater car for our company for Rs 2000/- including fuel from unregister person.
This Car is used for our auditors.
My Question is how much minimum reverse charge we can pay for this hiring. Is it possible to pay 5% Reverse charge and in this rate of reverse charge cenvat credit is allowable?
Pls advise.
Regards
Motilal
21 January 2024
https://cleartax.in/s/rcm-renting-vehicles-gst
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