Hiring or renting of Motor vehicle: RCM applicablity
Hemant Chugh (1 Points)
06 January 2020Hemant Chugh (1 Points)
06 January 2020
Pankaj Rawat
(GST Practitioner)
(55062 Points)
Replied 07 January 2020
rajan
(accountancy)
(30 Points)
Replied 16 December 2024
Currently we (Body corporate) are paying RCM on 5% on vehicle hiring. Now supplier wants to opt forward gst. If he charges 12% then our cost will be increased as ITC is not available for us. Shall we allow them to charges 12%?
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