In re Yulu Bikes Pvt. Ltd. (GST AAR Karnataka)
Renting of e-bikes/bicycles without operator cannot be classified under SAC 9973 – Leasing or rental services without operator and Sl.no. 17(viia) of Notification no. 11/2017 CT(R) dated 28th June 2017 as amended is not applicable to the instant case.
Read AAAR Order- Renting of e-bikes/bicycles without operator is classifiable under SAC 9973
FULL TEXT OF ORDER OF AUTHORITY OF ADVANCE RULING, KARNATAKA
1. M/s Yulu Bikes Pvt. Ltd., (called as the ‘Applicant’ hereinafter), # 119, Adarsh Palm Retreat, Outer Ring Road, Bengaluru-560103, having User-ID 29AAACY9154A1Z9 have filed an application for Advance Ruling under Section 97 of CGST Act,2017 & KGST Act, 2017 read with Rule 104 of CGST Rules 2017 & KGST Rules 2017, in form GST ARA-01, discharging the fee of Rs.5,000/- each under the CGST Act 2017 and the KGST Act 2017.
2. The Applicant is engaged in renting of vehicles like e-bikes (Miracle), bicycles (Move) in Bengaluru, Karnataka through a technology driven mobility platform. They enter into contract/agreement with the customers with regard to usage / renting of the e-bikes (Miracle), bicycles (Move) and charge based on the time of usage of such vehicles. Representative sample agreements/terms are enclosed along with the application for perusal and records.
3. The applicant currently is charging GST @ 18% in respect of the following services.
