notification no 22 CT rate 30/09/2019 RCM on Motor vehicles, Goods and Services Tax - GST

[Madhavan iyengar]

If Motor vehicle is rented by a unregistered person ( individual/ firm) to a body corporate then body corporate has to discharge GST @5%

If Motor vehicle is rented by a GST Regd person ( indvidual/ firm) to a body corporate then body corporate has to discharge GST @5%

IF Motor vehicle is rented by a GST Regd person body Corporate to another body corporate then following to be checked on applicability of RCM

a) IF Body Corporate who is providing service and he avails credit of input services in same line of business and charges 5% GST on forward charge then no RCM

b) IF Body Corpoarte who is providing service and he does not avail credit of input services in same line of business then RCM will apply to the receipient body corporate

Experts kindly give your views on the above

Posts / Replies

[KASTURI SETHI]

No RCM is applicable if service provider is a body corporate. W.r.t. (b) above.