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Renting of Motor Vehicle Under RCM, the receiver of service is liable to pay tax on supply. Usually, the supplier of goods is liable to GST, but under RCM, the chargeability gets reversed. There are two GST rates used in renting motor vehicles: With full ITC- 12% With limited* ITC- 5% *Limited ITC means input tax credit can be claimed only from the output liability in the same business line. RCM is applicable on renting motor vehicles used for carrying passengers if the supplier fulfils the three conditions below: The supplier is other than a body corporate. He provides the service to a body corporate. The supplier does not charge 12% GST on the invoice from the service recipient. For understanding in Tabular Format For Youtube Channel From CA Arihant Jain 9758815880

Chennai Bench of ITAT   The Chennai Bench of ITAT has held that if the assessee has violated any condition under Vivad Se Vishwas Act including the payment of tax as determined by the designated authority in Form no. 3 then all the proceedings and claims which were withdrawn u/s. 4 and all the consequences under the Income-tax Act, 1961 against declarant shall be deemed to have been revived and the appeal filed by the assessee is pending before the Tribunal for adjudication, the same needs to be decided on the issues challenged in said appeal. (ITA NO. 3334/CHNY/2019) CA Arihant Jain Mobile No 9758815880