Hiring or renting of Motor vehicle: RCM applicablity

This discussion explores the applicability of Reverse Charge Mechanism (RCM) on hiring or renting motor vehicles. It clarifies that RCM applies under specific conditions, particularly when the service provider is a non-corporate body, has opted for a 5% GST scheme with limited ITC, and the recipient is a body corporate. The conversation also touches upon the financial implications for a body corporate if the supplier opts to charge 12% GST instead of RCM.