Vehicles have been hired by us on a two year contract. Along with the hire charges we are reimbursing the fuel charges to the vendor 12km/litre(on mileage basis). Commercial insurance and road tax is being reimbursed on actual basis.Please advise what will be tax rate of GST.
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Vehicle hire charges
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Service recipient is liable to pay tax under RCM if purchases from unregistered
Rate is 18 %
Rate is 18 %
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