RCM % for Partnership FIrm

[Javed Siddiqui]

Hello Sir,

Can Partnership firm which provide cab services to Corporate Body charge 12% Under RCM ?

as it is also engaged in providing rental services to individual customer as well so how we have to take ITC under this regim?

AI Summary

Cab Service Firm Advised to Use Forward Charge Mechanism for GST; Reverse Charge Applies Only at 5% Rate A partnership firm providing cab services to corporate clients inquired about charging 12% GST under the Reverse Charge Mechanism (RCM) while also offering rental services to individual customers. Experts advised that the firm should continue using the Forward Charge Mechanism (FCM), charging GST on invoices to both individual and corporate customers. The RCM applies only if the firm opts for a 5% rate. Additional comments included support for the expert views and a note on partnership deed relevance, which was questioned for its pertinence to the original query.