Hi,
I have a query, if I have availed the services of renting of Motor vehicle from the person who is not registered under GST. In this case what should be rate of GST for the purpose of deposting RCM.
Would it be 5% or 12%.
Menu
Applicability of RCM
Replies (3)
For what purpose you have utilised
GST under RCM would be applicable at 5%
URP purchase or service utilised is not attracting RCM from 13.10.2017. Afterwards specified goods have been listed for RCM. Renting is no coming under RCM.
Rengaraj advocate
Rengaraj advocate
Recent Threads
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
- Capital Gains from Cancelled Residential Project
Related Threads
CAclubindia
