Reverse Charge Mechanism Not Applicable for Hiring Refrigerated Vehicles Unless Criteria in Section 65(105)(zzp) Met.

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....Reverse charge mechanism (RCM) - charges incurred for hiring of refrigerated vehicles - mere hiring of vehicles does not suffice for transaction to be taxed under Finance Act, 1994 unless the elements of section 65 (105) (zzp) of Finance Act, 1994, in which the definition of ‘goods transport agency’ is vital, is conformed to. - AT....