A 2016 report titled ‘Fiscal Policies and Taxation Incentives for Improved Public Bus Systems in India’ undertook an analysis of the extant taxation framework for bus-based public transport in India, primarily operated by Stata Transport Undertakings (STUs). However, this initial report only gave an overarching view of the sector across the country. Following the conclusion of the initial phase of the research, the project moved to a deep-dive bus taxation analysis of three STUs- Bengaluru Metropolitan Transport Corporation (BMTC), Uttar Pradesh State Road Transport Corporation (UPSRTC) and Gujarat State Road Transport Corporation (GSRTC), the findings of which have been presented in this report.