[Reading this article in landscape mode (on mobile phone) is recommended for better experience] Reverse charge mechanism on ‘renting of motor vehicle’ service was introduced from October 01, 2019. Since the complex language used in the notification(s) confused many, the Government substituted the reverse charge entry effective December 31, 2019. To understand the position in […]
[Reading this article in landscape mode (on mobile phone) is recommended for better experience. Also, an update to this post is available at http://vsrca.in/gst/reverse-charge-renting-motor-vehicle-amendment/] Reverse charge mechanism on ‘renting of motor vehicle’ service was introduced with effect from October 01, 2019. Although it has been over 50 days since introduction, the complex and ambiguous language […]
Rent-a-cab (RAC) operators typically either purchase or take cabs on rent for providing the outward taxable supply of RAC service. Input Tax Credit (ITC) is eligible to operators who take cabs on rent for providing the outward taxable supply of RAC service expressly under Section 17 of the Central Goods and Services Tax (CGST) Act, […]