Renting of motor cab 5%no itc?
Query (Issue) Started By: – satbir singh wahi Dated:- 23-7-2017 Last Reply Date:- 24-7-2017 Goods and Services Tax – GST
Got 6 Replies
GST
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 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%
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