Whether GST provision will applicable on passenger bus operator service or not.
And application of income tax provision of itr 4
Please guide.
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Gst on passenger bus operator and itr 4 Provision.
Replies (1)
For GST, you can choose between a 5% rate (no/restricted ITC) or an 18% rate (full ITC). Regarding ITR-4, it is generally intended for presumptive income under specific sections (44AD, 44ADA, 44AE). Since Section 44AE applies only to goods carriages, passenger bus operators often do not qualify for ITR-4 and may need to file ITR-3. Please consult a tax professional to evaluate your specific eligibility.
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