Clarification on Taxation of Bus Body Building

The Central Government, under the Integrated Goods and Services Tax Act, makes an amendment to Notification No. 8/2017- Integrated Tax (Rate) dated June 28, 2017.

In the notification, against serial number 26, an Explanation is inserted for item (ic) in column (3). The Explanation clarifies that "bus body building" includes building the body on the chassis of any vehicle falling under chapter 87 in the First Schedule to the Customs Tariff Act, 1975.

This clarification aims to ensure uniformity in the taxation of bus body building activities. Issued by Pramod Kumar, Director, Government of India.

Effective from the date of publication, the amendment addresses ambiguities in the taxation framework related to bus body building.

The amendment enhances clarity and facilitates compliance with tax regulations in the automotive sector.