18% GST on electric bus operations under cost contract
after close1 source ↓written by the desknot a recommendation
- are subject
- 18% GST
The Gujarat Authority for Advance Ruling (AAR) ruled that electric bus operations under a gross cost contract are subject to 18% GST. This decision denies the applicability of lower rates for motor vehicle rentals that include fuel costs. The ruling impacts operators engaged in public transport projects promoting electric mobility, emphasizing the classification of these services under rental agreements.
Not investment advice. For informational purposes only.