Circular No. 130/49/2019-GST – Reverse Charge Mechanism (RCM) on renting of motor vehicles

On 31st December 2019, the Central Board of Indirect Taxes and Customs has issued the Notification no. 29/2019-Central tax rate regarding the RCM on renting of motor vehicles. To clarify the position of the Notification, the CBIC has released the circular clarifying the treatment of the RCM on the renting of motor vehicles to the body corporates by the non body corporates.

To view and download the circular, click here Circular 130-2019 GST