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reverse charge in case of composite dealer
the comany is receiving hiring of vehicle service from a composite registered dealer. now who is liable to pay tax?
Replies (1)
Ask the composite dealer to opt out to normal scheme, as hiring of vehicle is a service for which composition scheme cannot be availed. GST rates as amended vide Notification No. 20/2017-Central Tax (Rate) New Delhi, the 22nd August, 2017
| Rent-a-cab service | 5 % [Provided that credit of input tax charged on goods and services used in supplying the service has not been taken [Please refer to Explanation no. (iv)]] | Allowed option of 12% GST with full ITC. 5% GST with no ITC will also continue |
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