https://www.taxtmi.com/forum/issue?id=119999 Input Tax Credit is available on buses acquired as capital goods when those buses are used to provide taxable rental services under SAC 996601; ITC must be adjusted if any use is for exempt or non business purposes and supported by tax invoices and records. Rental services under SAC 996601 are generally subject to the standard GST rate for such services, but exemptions or different treatments may apply for specified passenger categories and the inclusion of fuel or choice of with/without driver can affect rate application and ITC entitlement. en-us Sun, 11 May 2025 21:50:12 +0530 Thu, 15 May 2025 06:51:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119999 Input Tax Credit is available on buses acquired as capital goods when those buses are used to provide taxable rental services under SAC 996601; ITC must be adjusted if any use is for exempt or non business purposes and supported by tax invoices and records. Rental services under SAC 996601 are generally subject to the standard GST rate for such services, but exemptions or different treatments may apply for specified passenger categories and the inclusion of fuel or choice of with/without driver can affect rate application and ITC entitlement. Discussion-Forum GST Sun, 11 May 2025 21:50:12 +0530 https://www.taxtmi.com/forum/issue?id=119999