From 01/10/2019 if a proprietorship/individual supplying Rent a cab to corporate clients,he has two options
1.charge 12% GST and avail ITC
2. GST @ 5% is to be paid by receipient on RCM
My querry is
In case 2,whether ITC for same line of business services taken by prop/individual to provide services to corporate will be availabe.
for example hiring cab from outside and providing to corporate.
3.If proprietorship/indiviual has multiple corporate clients and some of them are charged @ 12% and others pay 5% on RCM basis.
How ITC will be claimed in this case.
a.whether it is available
b.if yes,on proportionate basis or any other basis.
CAclubindia
