We are a GSTN registered Transport company with own vehicles and give service to End customers. Also we take services of other truck owners/transport companies to do our transport activity.
Can you clarify whether we have to pay GST of 5%( No ITC) under RCM?
If you are taking transport vehicles on rent from another GTA then it is not taxable under GST and is covered under exemption list.
These services are exempted:
Services by way of giving on hire -
- To a state transport undertaking, a motor vehicle meant to carry more than twelve passengers; or
- To a goods transport agency, a means of transportation of goods;
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