WHAT WILL BE GST RATE ON CAB AND TAXI HIRING SERVICE IF PERSON PROVIDES THE CAB TO GOVERNMENT DEPARTMENT FOR 1 YEARS AND WANTS TO CLAIM INPUT OF EXPENSES SUCH AS SERVICE OF VEHICLE,SEAT COVERS,TYRES, AND OF NEW PURCHASE OF VEHICLE. ALSO PROVIDE NOTIFICATION OF THE SAME LAST TIME YOU DIDNT PROVIDE ME??
Reply-For service of Transport of passengers by any motor vehicle designed to carry passengers where the cost of fuel is included in the consideration charged from the service recipient tax will be charged @ 5% if that credit of input tax charged on goods and services used in supplying the service, other than the input tax credit of input service in the same line of business (i.e. service procured from another service provider of transporting passengers in a motor vehicle or renting of a motor vehicle), has not been taken. [Please refer to Explanation no. (iv)] [S.No.8(vi) of Noti. No.11/2017-CT (Rate) (S.No.25) Dated: 28.06.2017] - otherwise 12 % .
Posted Date: Jul 27, 2020