https://www.taxtmi.com/article/detailed?id=16000 When a transport authority permits exclusive use of a preferred vehicle registration number for a premium, that payment functions as the grant of a special right and aligns with the concept of a supply of service; if supplied to a business entity, GST may be payable under the Reverse Charge Mechanism, while premiums paid by non business individuals may fall outside the levy under exemptions. GST paid on such premiums is often capitalised with the vehicle and input tax credit will be blocked where credit on the underlying motor vehicle is restricted, but may be available where the vehicle is used in eligible taxable activities. en-us Wed, 11 Mar 2026 08:19:19 +0530 Wed, 11 Mar 2026 08:19:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16000 When a transport authority permits exclusive use of a preferred vehicle registration number for a premium, that payment functions as the grant of a special right and aligns with the concept of a supply of service; if supplied to a business entity, GST may be payable under the Reverse Charge Mechanism, while premiums paid by non business individuals may fall outside the levy under exemptions. GST paid on such premiums is often capitalised with the vehicle and input tax credit will be blocked where credit on the underlying motor vehicle is restricted, but may be available where the vehicle is used in eligible taxable activities. Articles Goods and Services Tax - GST Wed, 11 Mar 2026 08:19:19 +0530 https://www.taxtmi.com/article/detailed?id=16000