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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)
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 | ||
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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
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