How is bus fee from student n faculty taxable under gst?
NIL as per serial no 66 of notification no. 12 CTR dated 28th July 2017
Services provided –
(a) by an educational institution to its students, faculty and staff;
(b) to an educational institution, by way of, –
(i) transportation of students, faculty and staff;
(ii) catering, including any mid-day meals scheme sponsored by the Central Government, State Government or Union territory;
If the Transporter directly provides the Services to Students & faculty Then Its taxable under GST..
If it is directly given to Students n faculty then its taxable
just recheck the nature of Transaction & apply the same..
Its Exempted, as the receipts are collecting from the institution..
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