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ITC Claim on SAC 996601

Ashish Gupta

Hello Everyone,

I run a travel agency and I rent out buses. The SAC of my service will be 996601. So, could I claim ITC while buying a new Bus and at what rate should I charge GST to customers?

Please help

GST Clarity: Bus Rental Services Taxed at 18% with Full Input Tax Credit Under SAC 996601 A travel agency owner sought guidance on GST implications for bus rental services. Experts confirmed 18% GST rate for vehicle rental under SAC 996601, with full input tax credit available when buses are used for taxable services. Key considerations include maintaining proper documentation and understanding potential exemptions based on service specifics. (AI Summary)
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