itc on rent a cab under gst
Kishan Bagaria (self employed) (16 Points)
01 June 2017Kishan Bagaria (self employed) (16 Points)
01 June 2017
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 01 June 2017
ITC on Rent a cab service is allowed to the taxable person only if he is in the business of supplying the same service.
In other cases ITC not allowed.
karan
(student)
(34 Points)
Replied 04 August 2017
My business is to provide cab services.Rite now i don't have any cab.I used to purchase cab from travel agents and then provide it to my customers.
E.g. I buy from ABC associates cab of Rs 15750 (incl gst of rs 750) and then sell it to my customer for 16800(incl gst of rs 800)
now wat amt. i hav to pay to the govt. under GST rs 800 OR rs 50 (i.e. 800 minus 750) ????
Mahalingam R
(Manager - Finance)
(121 Points)
Replied 16 August 2017
Dear Team,
In GST Rent a Cab is cover under RCM or not? What is rate of GST and can we take ITC after payment (Next month) Please reply
united car
(2 Points)
Replied 23 August 2017
My business is to provide cab services.Rite now i don't have any cab.I used to purchase cab from travel agents and then provide it to my customers. E.g. I buy from ABC associates cab of Rs 15750 (incl gst of rs 750) and then sell it to my customer for 16800(incl gst of rs 800) now wat amt. i hav to pay to the govt. under GST rs 800 OR rs 50 (i.e. 800 minus 750) ????
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