Applicability of RCM

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44 Points Posted on 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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On 06 July 2020 at 15:32 Report
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This discussion clarifies the applicability of the Reverse Charge Mechanism (RCM) for passenger transportation services when hired from unregistered suppliers. It confirms that RCM applies to such services from 1st January 2020, specifically at a rate of 5% GST. The notification referenced is No. 29/2019-Central Tax (Rate) dated 31-12-2019.

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4215 Points Posted on 06 July 2020
RCM not possible
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On 06 July 2020 at 15:39
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Assistant Manager
787 Points Posted on 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%
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On 06 July 2020 at 16:03
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44 Points Posted on 06 July 2020
Is it is from 01/01/2020 onwards only or even before
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On 06 July 2020 at 16:23
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Practice
4510 Points Posted on 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.

Refer below Notification

Notification No - 29/2019-Central Tax (Rate) dated 31-12-2019.

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On 06 July 2020 at 20:22
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GST Practitioner
55067 Points Posted on 07 July 2020
Yes RCM Applicable if the URD is proprietary firm (Individual)
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On 07 July 2020 at 00:24
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Assistant Manager
787 Points Posted on 15 July 2020
It s from 1/1/2020
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On 15 July 2020 at 21:30

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