Option:1 To pay 5 percent and not claim ITC
Service providers can choose not to claim input tax credit of the tax they have paid on various inputs. They can then pay only 5 percent output GST. (SGST 2.5% CGST 2.5%)
Option 2: Pay 12^ and claim ITC
Cab service providers can claim input tax credit for the taxes paid on cab services that are paid on various inputs if they pay 12 percent GST (SGST 6% CGST 6%)
Service providers can choose not to claim input tax credit of the tax they have paid on various inputs. They can then pay only 5 percent output GST. (SGST 2.5% CGST 2.5%)
Option 2: Pay 12^ and claim ITC
Cab service providers can claim input tax credit for the taxes paid on cab services that are paid on various inputs if they pay 12 percent GST (SGST 6% CGST 6%)
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