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
\nPls guide what does no itc mean here.
\nReply By vk agarwal:
\nThe Reply:
\nit 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
\nReply By satbir singh wahi:
\nThe Reply:
\nSir
\nIf cab operator uses services of other unregistered cab operator then pays under reverse charge @5%, whether itc will be available.
\nReply By THYAGARAJAN KALYANASUNDARAM:
\nThe Reply:
\nDear sir,
\nIf the cab operator uses the services from other operators who is not registered under GST, the receiver has to pay RCM @ 5% <\/p>\n
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