TaxTMI 
TaxTMI 
TaxTMI 
Renting of motor cab 5%no itc?
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....enting of motor cab 5%no itc?<br> Query (Issue) Started By: - satbir singh wahi Dated:- 23-7-2017 Last Reply Date:- 24-7-2017 Goods and Services Tax - GST<br>Got 6 Replies<br>GST<br>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....
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.... 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 By 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....
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.... 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 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 servic....
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....es 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 under 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 ....
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....clear picture on the query. Thanks sir,<br> Discussion Forum - Knowledge Sharing ....