Regarding RCM on renting of office vehicle
This query is : Resolved
08 March 2025
Sir,
If we Ltd company and we take vehile on rent monthly basis the how may RCM we have to pay on it and can we clam the RCM same month?
If we Ltd company and we take vehile on rent monthly basis the how may RCM we have to pay on it and can we clam the RCM same month?
09 March 2025
RCM applies if the supplier is not a body corporate or is registered under GST but has opted for the composition scheme. However, if the supplier is a registered body corporate and charges GST at 12%, RCM does not apply. Yes, you can claim the ITC for the GST paid under RCM in the same month if you have paid the GST. You must issue an RCM invoice to yourself and pay the applicable GST to the government.
04 October 2025
Good luck...
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
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- Transporter Declaration form
- Multiple trade mark
- LC charges in relation to Asset purchased should be Capitalised ?
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
