https://www.taxtmi.com/article/detailed?id=13332 Perquisites provided by an employer to employees under the employment contract are excluded from GST under Schedule III and CBIC clarification; consequently, free bus transport supplied to employees pursuant to contractual HR terms is not taxable. Input tax credit is blocked for small capacity passenger motor vehicles but remains available for vehicles with larger approved seating capacity used for passenger transportation, allowing the employer to claim ITC for such larger buses. en-us Wed, 15 Jan 2025 10:08:52 +0530 Wed, 15 Jan 2025 10:08:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13332 Perquisites provided by an employer to employees under the employment contract are excluded from GST under Schedule III and CBIC clarification; consequently, free bus transport supplied to employees pursuant to contractual HR terms is not taxable. Input tax credit is blocked for small capacity passenger motor vehicles but remains available for vehicles with larger approved seating capacity used for passenger transportation, allowing the employer to claim ITC for such larger buses. Articles Goods and Services Tax - GST Wed, 15 Jan 2025 10:08:52 +0530 https://www.taxtmi.com/article/detailed?id=13332