Reverse Charge - Renting of Motor Vehicle

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..... As per the amended notification issued recently, 1) if a supplier charges 5% GST on renting of motor vehicle, the body corporate need to tell him not to charge since body corporate is required to pay under RCM? Or 2) the supplier can charge 5% but still body corporate need to pay under RCM? If the second situation is valid, will it not be double taxation since body corporate is not eligible to cla .....

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..... im ITC on this service being under negative list? - Reply By Alkesh Jani - The Reply = Sir, Please refer Circular No. 130/2019 dated 31.12.2019 . Thanks - Reply By Ganeshan Kalyani - The Reply = I agree with Sri Alkesh Ji. - Reply By Spudarjunan S - The Reply = Dear Sir, Kindly refer notification no.29/2019 C.T(R) dated 31.12.2019 which amends the notification no.22/2019 C.T(R) .....

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..... dated 30.09.2019 along with the clarification provided by the department vide circular no.130/2019 dated 31.12.2019 where it suggests your option 1) w.e.f. 01st October 2019. - Reply By Ganeshan Kalyani - The Reply = I agree with Spudarjunan Ji's reply. - Reply By NEERAJ KUMAR - The Reply = if service to body corporate then RCM applicable (means corporate will pay under rcm and suppli .....

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..... er give invoice under rcm) and supplier will not charge the tax e.i, just give invoice with tick Invoice under RCM. if service to other than body corporate then supplier will charge 5 % and pay to govt. - Reverse Charge - Renting of Motor Vehicle - Query Started By: - Kaustubh Karandikar Dated:- 3-1-2020 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, .....

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..... reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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