VATupdate

GST @ 12% chargeable on supplying, operating, and maintaining air-conditioned electrically operated buses with ITC

The Maharashtra Authority of Advance Ruling (“AAR”) in Re: MH Ecolife E-Mobility Pvt. Ltd. (Advance Ruling No. 60/2020-21/B-116 dated December 22, 2021) held that services by way of supplying, operating, and maintaining air-conditioned electrically operated buses would be chargeable @ 12% with Input Tax Credit (“ITC”) and @ 5% without ITC.

Source: a2ztaxcorp.com

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