GST ON TRUCK TAKEN ON RENT

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140 Points Posted on 11 November 2021
We are a body corporate and have taken a truck on rent on monthly basis from a unregistered HUF, are we required to pay GST under RCM.
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On 11 November 2021 at 14:58 Report
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This discussion clarifies whether a body corporate is liable to pay GST under the Reverse Charge Mechanism (RCM) when renting a truck on a monthly basis from an unregistered HUF. The consensus is that RCM is not applicable in this specific scenario, meaning the body corporate likely does not need to account for GST on the rental payments.

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Area Manager (Taxation)
101 Points Posted on 11 November 2021

As per my understanding - NO

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On 11 November 2021 at 15:32
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GST Consultant
15986 Points Posted on 11 November 2021

RCM is not applicable on such rent

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On 11 November 2021 at 18:30
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Chartered Accountant
24588 Points Posted on 12 November 2021
No RCM is not applicable
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On 12 November 2021 at 06:11

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