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RCM on renting of motor vehicle
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....CM on renting of motor vehicle<br> Query (Issue) Started By: - KARAN VERMA Dated:- 9-7-2020 Last Reply Date:- 10-7-2020 Goods and Services Tax - GST<br>Got 9 Replies<br>GST<br>Sir, individual person (Unregistered) provide car on rent ₹ 10000 per month to company. Rent price not include fuel cost. Whether company liable to pay RCM on rent charges. If yes what will be GST rate 5% or 18%. Rep....
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....ly By Mahir S: The Reply: Karanji, The Government vide circular no. 354/189/2019-TRU dated 31.12 2019 has clarified the issue, wherein it has been stated that services provided by way of renting a motor vehicle has to be inclusive of cost of Fuel. In your case, the fuel is not covered as consideration; therefore it shall not be covered under Reverse Charge Mechanism and no need for payment of G....
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....ST. However, to be on safer side, better to have a contract copy between the supplier of vehicle and your company or it should be clearly mentioned in the Invoice that only vehicle has been provided, exclusive of fuel charges.. Reply By KARAN VERMA: The Reply: Thank you sir, in agreement we have mentioned that furl cost will be borne by company. Reply By Mahir S: The Reply: Welcome.. Reply ....
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....By Ganeshan Kalyani: The Reply: Sri Mahir S, we welcome you. You have come back after almost two years. Reply By Mahir S: The Reply: Absolutely correct Ganeshan ji. Thanks for the love n remembrance.. 🙏. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: I endorse the views of Shri Mahir. Reply By KASTURI SETHI: The Reply: Dear Ganeshan Kalyani Ji, Sh.Mahir S. Sir has come back afte....
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....r three years and five months (barring one reply dated 21.5.18) and not after two years. It is his second home coming. He is welcome back. I like his ideas which are off beat (unique) and hence can be called thought provoking and creative. Now all of will relish his views on GST. Reply By Mahir S: The Reply: Thanks so much Kasturi ji, for the warm welcome and kind words. I am blessed. 🙏.....
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.... We also learn a lot from your esteemed knowledge and appreciate your dedication and passion towards work. Reply By KASTURI SETHI: The Reply: I also support the views of Sh.Mahir S, Sir. His views are full of legal force. Nicely explained.<br> Discussion Forum - Knowledge Sharing ....