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Renting of motor vehicles under RCM
does this notification 22/2019 CT rate says that goods vehicle renting by corporate is under RCM and no ITC available as corporate uses for transport of goods and corporate is not in the same line of business
Replies (2)
In my view thats for rent a cab and not for goods transport agency.
services provided to body corporate by other than body corporate attracts rcm.
services provided to body corporate by other than body corporate attracts rcm.
Yes Agree with Mr. Uttam
ITC is not available to Service provider , The recepient who is doing rcm the credit available on deposit of same
ITC is not available to Service provider , The recepient who is doing rcm the credit available on deposit of same
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