We are running a business of transportation of school students. We had an formal agreement with the school that we will provided services of transportation of school students. However we do not receive any consideration from school nor we raise any invoice on school. Entire consideration is received from school students directly. Now my question is whether these services is taxable or exempt?
If it is taxable or exempt please specify under which head i.e service to educational institution or transport of passenger
Transportation Service for Students: GST Taxable or Exempt? Clarification Sought on Direct Payments from Students. A business providing transportation services for school students sought clarification on whether their services are taxable under GST, as they receive payments directly from students rather than the school. The discussion involved various interpretations of GST notifications and exemptions related to educational services. Several contributors suggested that the service might be exempt if considered as provided to an educational institution, while others argued it could be taxable since payments are received from students. It was recommended to seek an advance ruling for clarity. Additionally, a hypothetical scenario was discussed regarding receiving payments through the school's bank account, which could imply exemption. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
