I am Distributor of various companies. I have made a Yearly Contract with Tempo Owner under which I am provided a tempo by tempo owner and I pay for tempo related Diesel, Driver & tempo repair under this contract for for using it for Transport of my goods which are sold by me.
Under this contract, I make a Lumpsum yearly payment to Tempo provider on 31st of March each year after deducting TDS as Contractor. I use tempo for transport of my goods to various dealers.Tempo goes each day with proper invoices raised on dealers.
Tempo provider is NOT registered under GST. Since there is a contract with tempo owner as above, Goods Consignment notes are NOT generated.
Will his contract attract GST under RCM ? If yes then what % of GST ? and whether I can take Input credit if GST is payable
CAclubindia
