Rate of GST on taxi hire charges
Savita Hiremath (173 Points)
16 October 2020
person giving his taxi's on rent basis.. what rate of gst is applicable..
2 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 16 October 2020
5% without ITC & 12 % with ITC
Shivam RC
(Student)
(23683 Points)
Replied 17 October 2020
SAC CODE : 9964
DESCRIPTION : Transport of Passengers by motorcab (motor vehicle designed to Carry passengers inserted w.e.f 13/10/2017) where the cost of fuel is included in the consideration charged from the service recipient.
GST RATE : GST rate on Cab Services is 5% without ITC. Although, the service provider has an option to pay GST @ of 12% and take benefit of availing full input tax credit.
DESCRIPTION : Transport of Passengers by motorcab (motor vehicle designed to Carry passengers inserted w.e.f 13/10/2017) where the cost of fuel is included in the consideration charged from the service recipient.
GST RATE : GST rate on Cab Services is 5% without ITC. Although, the service provider has an option to pay GST @ of 12% and take benefit of availing full input tax credit.
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