A person engaged in transportation of pessenger though charter. Can he has the option pay 18 % full GST and take Input tax instead of paying 5 % with no ITC.
Whether the 5% rate with no ITC is optional or mandatory?
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5 % tax with no Input tax is optional?
Replies (3)
5% is mandatory
Thank you sir. But I have also query with regard to if the 5% rate with no ITC is mandatory then why the main section of ITC says that ITC of motor vehicles used for pessenger transportation is allowed to service provider having business of transportation of pessenger.
It is used for call taxi service providers and it is defined as "vehicles used or furtherence of business"
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