Whether itc of bus purchase
This query is : Resolved
15 October 2018
I have purchased bus against this provide Passenger Transport Service. Can I take ITC on Bus Purchase? What is GST Rate Charged to Passenger? Whether 5% or 12%
CA R SEETHARAMAN
(Expert)
15 October 2018
For transport of passengers by an air conditioned contract or stage carriage (i.e., buses) and radio taxis, a GST rate of 5% would be applicable with no input tax credit.
17 October 2018
Thanks Sir,
is it possible to take ITC wih Charge GST @ 12% on Receipt against Bus Passengers Transport Service?
is it possible to take ITC wih Charge GST @ 12% on Receipt against Bus Passengers Transport Service?
CA R SEETHARAMAN
(Expert)
17 October 2018
Only for trucks it's allowed not for buses.
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