Anoop srivastava 14 December 2020
we have taken a car on hire from one of Directors and that car is being used for company work. paying Rs 20000/- as CAR HIRE CHARGES to Director. All petrol and maintenance charge borne by company.
we are depositing RCM on the same .
can we avail ITC of the RCM Paid ? Presently we are paying RCM at 18% . whether this rate is correct?
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