Pay tax on forward charge and pay tax

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45 Points Joined September 2022
What is the gst rate i have to charge if i want to opt forward charge with itc in case of renting of motor vehicle service
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On 12 March 2025 at 13:31 Report
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Master in Accounts & high court Advocate
9456 Points Joined December 2011

If you want to opt for forward charge with Input Tax Credit (ITC) for renting of motor vehicle services, the GST rate you'll need to charge is *12%*.¹ ² This rate applies when you're providing motor vehicle rental services to a body corporate and you're eligible to claim full ITC. Keep in mind that there's another GST rate of *5%* with limited ITC, but that's applicable when you're not eligible to claim full ITC or when you're providing services to a non-body corporate entity.

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On 12 March 2025 at 14:48


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