Please advise the GST rate applicable under below scenerio, and advise if RCM also applicable.
Thank you,
GST Rate on Car Rental Services:- If a propritorship firm receives car rental services from a GST unregistered vendor, the GST rate applicable would be 5% (2.5% CGST + 2.5% SGST) or 5 % IGST if it is an interstate transation. This rate is applicable because car rental services fall under the 5% GST slab.
Regarding RCM, yes, there is liability for RCM in this scenerio.
GST Rate on Car Rental Services:- If a propritorship firm receives car rental services from a GST unregistered vendor, the GST rate applicable would be 5% (2.5% CGST + 2.5% SGST) or 5 % IGST if it is an interstate transation. This rate is applicable because car rental services fall under the 5% GST slab.
Regarding RCM, yes, there is liability for RCM in this scenerio.
In that case what will be TDS deducted 194I or 194C ?
In that case what will be TDS deducted 194I or 194C ?
What happen if the service receive from other than propritorship firm?
CAclubindia
