I am (individual/proprietorship firm)
providing cab services to firms/companies for their employees on monthly basis. and we charge 5% GST and no ITC credit is taken by me on telephone bill etc.
I am having one car in my name and other cars are taken by me from some other persons (un-regd). and i pay them amount from the service provided by them on my behalf i.e. bill raised 12000/- + GST
I pay them 10000/- as per their share
My question is:\
1. whether i had to deposit Reverse Charge on payment made by me to these persons/drivers (including diesel exp . etc)
2. Can I taken ITC on reverse charge deposited. (not on other expenses)
CAclubindia
