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RCM ON HIRE INCOME

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(Querist)
13 March 2020 Dear Sir,
i have 5 trucks in my trading firm ( Properitorship firm ) and i give these trucks to a other person and charge 12000/- per truck per month ( 12000 * 5 = 60000/- monthly , 60000 * 12 = 720000 yearly ) . now we have 720000 truck hire income . so should i pay RCM or not. please suggest me. with example.
thanks
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 March 2020 No RCM payable on such income. The threshold for GST registration for you is 20 lacs. So GST not applicable to you.
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