Reverse Charge Mechanism (RCM) on renting of motor vehicles

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..../49/2019-GST dated 31 December, 2019  has issued a clarification regarding Reverse Charge Mechanism (RCM) on renting of motor vehicles, in order to ensure uniformity in the implementation of the provisions of law across the field formations, which is annexed herewith. In exercise of powers conferred by section 168 of the Tripura State Goods and Services Tax Act, 2017 (Tripura Act No. 9 of 2017) for the purpose of uniformity in the implementation of the Act it is instructed to follow the clarification issued vide Circular No. 130/49/2019-GST dated 31^st December, 2019  by the Department of Revenue, Tax Research Unit. Encl.: Circular No. 130/49/2019-GST. [No.F.1-11(91)-TAX/GST/2019(Part-III)/1347-55] (Nagesh Kumar B....

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....rvice Recipient of Service (1) (2) (3) (4) 15 Services provided by way of renting of a motor vehicle provided to a body corporate. Any person other than a body corporate, paying central tax at the rate of 2.5% on renting of motor vehicles with input tax credit only of input service in the same line of business Any body corporate located in the taxable territory. 3. Post issuance of the notification, references have been received stating that when a service is covered by RCM, GST would be paid by the service recipient and not by the supplier. Therefore, the wording of the notification that "any person other than a body corporate, paying central tax at the rate of 2.5%" is not free from doubt and needs amendment/....