Negative list of ITC under GST
Followings Point to be noted
Auto, metered cab charges – Exempted under GST. Further , No GST shall be paid even if the amount is incurred by employees and later on reimbursedCab service procured from operator (OLA, UBER etc.,) – GST will be paid by the such operator itself. There is no liability on the service receiver. Further, the taxes paid by the operator cannot be availed as credit.Cab services procured from other agencies – GST will be paid by the provider itself if they are registered, if not service receiver shall pay GST on the same as a service receiver. The taxes paid is not available as creditLocal bus charges – Stage carriage is exempted under GST. No GST shall be paid even if the amount is incurred by employees and later on reimbursed.
Author – CA. Rishabh Aggarwal
(a) For further supply of vehicles or such conveyances; (b) For transportation of passengers; (c) For imparting training on driving, flying, navigating such vehicles or conveyances; (d) For transportation of goods
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