Reverse Charge mechanism

[MANOHAR KALBURGI]

Is there any RCM mechanism on renting of plan and machinery

ASAP

Thank you in advance

[KASTURI SETHI]

No RCM on renting of plant and machinery.

[Ganeshan Kalyani]

The said service is not covered in the RCM notification. Hence RCM is not applicable.

AI Summary

Reverse Charge Mechanism Not Applicable for Renting Plant and Machinery Under GST; Confirmed Not in RCM Notification. A query was raised regarding the applicability of the Reverse Charge Mechanism (RCM) under the Goods and Services Tax (GST) for renting plant and machinery. Two responses were provided. The first response clarified that RCM does not apply to renting plant and machinery. The second response confirmed this, stating that the service is not included in the RCM notification, and therefore, RCM is not applicable.