Renting of motor vehicle was covered under the ambit of reverse charge mechanism from 01-10-2019 vide Notification No. 22/2019-CT(R) dated 30-09-2019, through which the Notification No. 13/2017-CT(R), dated 28-6-2017 was amended by inserting Sl. No 15 in said notification.However the insertion of renting of motor vehicle services for purposes of reverse charge mechanism was made in a confusing manner and many issues were emanating therefrom which were deliberated
Source: taxmann.com
Latest Posts in "India"
- GST on Hotel Rooms ≤ Rs 7,500: 5% Rate, No ITC for Hotels or Business Travellers
- GSTN Releases Key FAQs on GSTR 9/9C Filing for Financial Year 2024-25
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System