GST For Transport Services explained

The key implication for Transport Sector is as follows: SCHEDULE OF GST RATES FOR TRANSPORT SERVICES 1. Transport of passengers by rail (other than sleeper class) – 5% with ITC (Input Tax Credit) of input services 2. Renting of motorcab – 5% (If fuel cost is borne by the service recipient, i.e. Self-drive, then 18% GST will apply) 3. Transport of passengers , by- (i) Air conditioned contract/stage…