TMI BlogGST query- Rent a cab serviceX X X X Extracts X X X X X X X X Extracts X X X X ..... A person who is providing Rent a cab service opts for payment of 5% GST (without ITC). Is he liable to pay under reverse charge on the amounts payable to unregistered suppliers(from whom he obtains re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt a cab service)? If yes, how much is the rate? is it 18% or 5%? Can he avail input credit of the same? - Reply By Vamsi Krishna - The Reply = Only Cab operators falling under E-commerce (Call tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... i, Ola,Uber etc) are covered under RCM. If you are a normal cab operator other than E-commerce and opted for 5%, Input tax credit for your business are not allowed. Even if you make unregistered pu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rcahses under Sec.9(4) the liability has to e discharged however you are not eligible for availing the ITC since you opted 5% tax. - Reply By S VENKAT - The Reply = Under such circumstances how m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uch the person should pay under reverse charge 5% or 18% ? Thank you for your reply. - Reply By Vamsi Krishna - The Reply = The section provides ITC not available if you opt for 5% which means you ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... will be eligible if you go for 18% tax on your outward supplies.. - GST query- Rent a cab service - Query Started By: - S VENKAT Dated:- 1-8-2017 Goods and Services Tax - GST - Got 3 Replies - GST ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - 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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