Menu
AC BUS SERVICES
Which SAC CODE will be applicable for AC BUS SERVICES from one city to another and gst rate & can I claim ITC on purchases?
Replies (4)
Quick Summary
The SAC code applicable for AC bus services from one city to another is SAC code 9966. The applicable GST rate for this service is 5%
Yes, you can claim Input Tax Credit (ITC) on your purchases related to providing the AC bus service.
But it's written that we cannot claim itc if we opt for 5% gst
Subject to gat
Yes you can claim ITC subject to that you should charge 12percent , not an 5 percent. There is a option if you want to claim ITC then you should charge 12 otherwise you may charge 5 percent.
Recent Topics :
- How do I choose the Best GST Lawyers in New Delhi
- Loss on sale of residential flat after indexing al
- Short Deduction
- Large mismatch between AIS Business Receipts and G
- Income tax on Australian Stipendiary Steward on 3
- INCOME TAX SECTION 92E
- Queries on Tax Invoice and GST
- Income Tax Auditor Tenure for Small Companies
- Sec 8 company sec 12ab reg
- AIS Password: How to Open Your AIS PDF?
Related Topics :
CAclubindia
