Company Staff travel bus provide by transporter and having GST No ,can charge to company or company can we avail ITC Through RCM ..what is the GST charges?
Replies (9)
Quick Summary
This discussion clarifies the Goods and Services Tax (GST) implications for companies hiring buses to transport staff. It confirms that input tax credit (ITC) is generally available for buses with more than thirteen seats for employee transport, especially after the CGST Act amendment on 30.8.2018. The conversation also touches upon RCM (Reverse Charge Mechanism) and GST charges for smaller vehicles and newly registered vendors providing inter-state transport services.
Yes, applicant is eligible to take input tax credit on GST charged by the Contractor for hiring of buses having approved seating capacity of more than thirteen persons for transportation of employees after amendment in CGST Act, with effect from 30.8.2018. Prior to 30.8.2018 Input Tax Credit on buses was not admissible.