GST Exemption for Passenger Bus Rental Services to KSRTC by Maha Voyage LLP

In re Maha Voyage LLP (GST AAR Kerala) Introduction: In the case of Maha Voyage LLP seeking an advance ruling from the GST AAR Kerala, the focus is on the taxability of providing passenger buses on rent/lease to Kerala State Road Transport Corporation (KSRTC). The applicant questions whether GST is applicable at 18% under Tariff Heading 9966 or if the services are exempted under Notification No.12/2017-CT(R) dated 28/06/2017. Detailed Analysis: Maha Voyage LLP, a registered Limited Liability Partnership, entered into an agreement with KSRTC for leasing 10 Multi Axle Air Conditioned buses. The ...