Dear all,
I have a query regarding transaction of cab rent service..i have following issues.
we are body corporate and service provider is individual.
1) if cab rent provider has issued invoice with 5% gst charged on invoice and if we had paid all amount including GST to vendor, is there any liability under rcm at our side?
2) if we have taken tax credit of 5% gst charged on bill, what are the non compliance at our end as it is blocked under Act.
3) what are the non compliances in this case of we have taken wrong tax credit and avail the same?
thanks & regards,
Harshal raval
CAclubindia
