Renting of moter vehical

313 views 1 replies
Based on Notification No. 29/2019, the service provided by way of renting a motor vehicle to a body corporate is subject to Reverse Charge Mechanism (RCM) at a rate of 5% if the supplier does not issue an invoice charging GST at a rate of 12%.

Regarding the scenario where the supplier provides services to both ABC Company (a body corporate) and another body corporate, charging GST at a rate of 12% and claiming full Input Tax Credit , there are no restrictions mentioned in the notification. Please advice correct position .
Replies (1)

Yes, when GST @ 12% is charged by the supplier, then RCM shall not be applicable & ITC can be claimed by the supplier.

In case of any further queries, kindly mail me at casoravgupta @ gmail.com

Thanks & Regards
CA. Sorav Gupta
(Practicing Chartered Accountant)

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details