TMI BlogRCM % for Partnership FIrmX X X X Extracts X X X X X X X X Extracts X X X X ..... Hello Sir, Can Partnership firm which provide cab services to Corporate Body charge 12% Under RCM ? as it is also engaged in providing rental services to individual customer as well so how we have to take ITC under this regim? - Reply By Ganeshan Kalyani - The Reply = You can continue paying GST under forward charge mechanism. That is, you can charge GST on the invoices raised by you on your ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... customer both individual and corporate. - Reply By Javed Siddiqui - The Reply = Thank you sir, As we are partnership firm, we can continue with Forward Charge GST to our Corporate Customer right ? Thanks Javed - Reply By Mahadev R - The Reply = Yes Sir. Partnership firm could continue to charge 12% in FCM. The provision of RCM applicable only when such firm has opted for 5%. Extract of e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntry in notification no.13/2017-CGST is reproduced below: Service Services provided by way of renting of a motor vehicle provided to a body corporate. Service provider 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 Recipient of service Any ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... body corporate located in the taxable territory.] - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = I endorse the views of experts. - Reply By KASTURI SETHI - The Reply = I support the views of the experts. - Reply By harish rajendran - The Reply = Without a Partnership Deed, or if the Partnership Deed is quiet on a specific point, the accompanying arrangements of organization Act, 1932 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... will be pertinent: Profit and misfortunes are to be shared similarly independent of their capital commitment. No enthusiasm on capital will be permitted to the accomplices. Get to know more: Partnership deed format - Reply By KASTURI SETHI - The Reply = Dear Harish Ji, How your post is relevant to the query ? Will you please clarify ? - RCM % for Partnership FIrm - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Query Started By: - Javed Siddiqui Dated:- 24-12-2019 Goods and Services Tax - GST - Got 7 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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