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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)
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.
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