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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- Gift Received from nonblood relative
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Rental income gst and it purpose
- Management System (IMS)
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
