No ITC Credit available of GST on car hire charges which were used for the purpose of Business.Only 3 cases ITC credit on car hire charges available if it is used for (a) Further supply of such vehicles or conveyances or (b) Transportation of passenger or (c) Imparting training on driving, flying, navigating such vehicles or conveyances.
Rate is as follows:0
1. 5% without ITC
2.12% with ITC &
3. 18% if value doesn't include cost of fuel
HSN - 9964
No liability of RCM. No input in any case for receiver except where it is used to provide the outward supply of same nature.