Reverse Charge Mechanism (RCM) on renting of motor vehicles -reg.

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.... Bihar, Patna. To, All Additional Commissioner, All Circle Incharge, Bihar. Subject- Reverse Charge Mechanism (RCM) on renting of motor vehicles -reg. Ref: CBIC Circular No.130/2019, dated 31.12.2019 Suppliers of service by way of renting of any motor vehicle designed to carry passengers where the cost of fuel is included in the consideration charged f....

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.... (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 state 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, queries....

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....vice charges GST @ 12% from the service recipient, the service recipient shall not be liable to pay GST under RCM; and, (ii) where the supplier of the service doesn't charge GST @ 12% from the service recipient, the service recipient shall be liable to pay GST under RCM. 5. Though a supplier providing the service to a body corporate under RCM may still be paying GST @ 5% on the ser....