Menu
Applicability of RCM
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.
Replies (6)
Quick Summary
RCM not possible
Rent a cab service availed from unregistered party from 1st January 2020 would be liable to GST UNDER RCm at the rate of 5%
Is it is from 01/01/2020 onwards only or even before
| 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.
Yes RCM Applicable if the URD is proprietary firm (Individual)
It s from 1/1/2020
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
