Renting of motor cab 5%no itc?

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..... Sir Pls guide what does no itc mean here. - Reply By vk agarwal - The Reply = it maens , thje motor cab owner will not be entitled to any input tax credit such as credit of GST paid on repair of car etc - Reply By satbir singh wahi - The Reply = Sir If cab operator uses services of other unregistered cab operator then pays under reverse charge @5%, whether itc will be available. - Reply B .....

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..... y THYAGARAJAN KALYANASUNDARAM - The Reply = Dear sir, If the cab operator uses the services from other operators who is not registered under GST, the receiver has to pay RCM @ 5% on the value of services and no ITC eligible on any inputs. - Reply By Rajagopalan Ranganathan - The Reply = Sir, According to Sl. No. 10 of Rate of Tax on Services - CGST / UTGST / SGST / IGST - Goods and Services .....

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..... Tax renting of Renting of motorcab where the cost of fuel is included in the consideration charged from the service recipient. attracts CGST @2.5% subject to the condition that credit of input tax charged on goods and services used in supplying the service has not been taken. Therefore even if a cab operator procure the service of renting of motor cab from unregistered person and pay 5% tax und .....

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..... er RCM he cannot avail input tax credit if he rent out the cab so procured. This is my opinion. - Reply By satbir singh wahi - The Reply = Thks all for reply - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Shri Rajagopalan gave a clear picture on the query. Thanks sir, - Renting of motor cab 5%no itc? - Query Started By: - satbir singh wahi Dated:- 23-7-2017 Goods and Services Tax - GST - .....

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..... Got 6 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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