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Input Tax Credit on renteal taxi's
I hired taxi for my office tour from travel agency, he is providing GST invoice chaging 5 % . The tax charged in invoice can clam the same or i ve to pay RCM for the same
Replies (2)
1. Input tax credit under GST is not allowed for Rent - a - Cab Services
2. GST under RCM is to be paid for services received from Unregistered suppliers
3. hence you need are not allowed to take credit of input and not required to pay GST under RCM
(it is assumed that you are providing services (business) other than letting out vehicles on rent)
No... You can't claim the tax as ITC. Also you don't want pay tax under RCM basis....
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