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Applicability of RCM

06 July 2020

If a company receives a vehicle on rent for transportation of passengers from a unregistered supplier whether RCM applies or not AND If it applies what is the rate at which it has to pay tax under RCM.

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6 Replies

KRISSHNAN KP (4215 Points)
Replied 06 July 2020

RCM not possible

CA Rashmi B (Assistant Manager) (787 Points)
Replied 06 July 2020

Rent a cab service availed from unregistered party from 1st January 2020 would be liable to GST UNDER RCm at the rate of 5%

1 Like

GEETHA MEDISETTI (44 Points)
Replied 06 July 2020

Is it is from 01/01/2020 onwards only or even before

1 Like

Ravi SADhiyan (Practice) (4510 Points)
Replied 06 July 2020

Originally posted by : GEETHA MEDISETTI
	If a company receives a vehicle on rent for transportation of passengers from a unregistered supplier whether RCM applies or not AND If it applies what is the rate at which it has to pay tax under RCM.