TMI BlogReverse Charge - Renting of Motor VehicleX X X X Extracts X X X X X X X X Extracts X X X X ..... Reverse Charge - Renting of Motor Vehicle X X X X Extracts X X X X X X X X Extracts X X X X ..... ng of motor vehicle under these situations. 1) XYZ (Non - Body Corporate) taking on hire a vehicle from PQR where PQR is charging GST @ 5% to XYZ. This vehicle is further rented by XYZ to ABC (Body Co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rporate) where ABC will be required to pay GST under RCM. 2) XYZ (Non - Body Corporate) not registered with GST is renting his owned vehicle to ABC (Body Corporate) where ABC NOT required to pay GST u ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nder RCM. 3) XYZ (Non - Body Corporate) is renting the vehicle to ABC (Body Corporate) & charging GST @ 12% where ABC NOT required to pay GST under RCM. Experts views please. X X X X Extracts X X X X X X X X Extracts X X X X ..... owledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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