As per notification no. 22/2019 Date 30.09.2019 RCM applicable for Renting of a Motor Vehicle.
1) Supply Covered: Services provided by way of renting of a motor vehicle
2) Supplier Covered: Any person other than a body corporate, paying central tax at the rate of 2.5% on renting of motor vehicles with input tax credit only of input service in the same line of business.
3) Recipient of service: Anybody corporate located in the taxable territory .
We are manufacturing the engineering products and one of the our vendor providing Rent a cab services and charging GST @ 5% in their invoice.
Services provider is a other then body corporate and service receiver is body corporate.
Whether rent a Cab service provider can charge GST @ 5% on their invoice?
If service provider collect the GST from us still now we have to pay GST under RCM if yes pls provide GST rate.
Please any one can clarify my doubts
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RCM on Renting of a Motor Vehicle
Replies (1)
As per Notification 22/2019 CT (r) As mentioned by you , the service provider cannot charge 5% on FC to you , & You are liable do RCM .
As the mentioned services is specifically cover under 9(3) , So ask you supplier not to charge 5% GST on his Invoice as it's cover under RCM
As the mentioned services is specifically cover under 9(3) , So ask you supplier not to charge 5% GST on his Invoice as it's cover under RCM
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