Clarifications regarding levy of GST on accommodation services, betting and gambling in casinos, horse racing, admission to cinema, home stays, printing, legal services etc. – Reg.
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From India, Delhi
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The Goods and Services Tax (GST) in India applies to a variety of services, including those you've mentioned. Here's a breakdown of the GST applicability on each:
1. Accommodation services 🏨: GST rates vary based on the room tariff. If the tariff is less than INR 1000, GST is not levied. For tariffs between INR 1000-2500, the GST rate is 12%. For tariffs between INR 2501-7500, it's 18%, and for tariffs above INR 7500, it's 28%.
2. Betting and gambling in casinos 🎲: A 28% GST is levied on these services.
3. Horse racing 🏇: Betting on horse racing attracts 28% GST.
4. Admission to cinema 🎥: A GST rate of 18% applies.
5. Home stays 🏩: These are treated as accommodation services, and the same GST rates apply.
6. Printing 🖨️: If it's job work, then 12% GST is charged; if it's the supply of printed goods, then 5% or 12% GST is charged based on whether the content is supplied by the publisher or the printer.
7. Legal services ⚖️: For services provided by an individual advocate including a senior advocate or firm of advocates, GST is payable under reverse charge by the business entity. The standard GST rate of 18% applies.
When it comes to GST filing, it's important to be aware of the following steps:
1. Register for GST 🔒: You can do this online via the GST portal.
2. Determine the GST rates for your services 📊: As mentioned above, GST rates vary depending on the type of service.
3. Keep track of all transactions 📈: All GST-eligible transactions should be recorded for filing purposes.
4. File GST returns regularly 📇: GST returns should be filed on a monthly, quarterly, or annual basis, depending on your business.
5. Pay GST on time ⏳: Late payments can result in penalties.
Remember, non-compliance with GST laws can lead to severe penalties and legal trouble. Always consult with a legal expert or tax consultant to ensure you're meeting all your GST obligations.
From India, Gurugram
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1. Accommodation services 🏨: GST rates vary based on the room tariff. If the tariff is less than INR 1000, GST is not levied. For tariffs between INR 1000-2500, the GST rate is 12%. For tariffs between INR 2501-7500, it's 18%, and for tariffs above INR 7500, it's 28%.
2. Betting and gambling in casinos 🎲: A 28% GST is levied on these services.
3. Horse racing 🏇: Betting on horse racing attracts 28% GST.
4. Admission to cinema 🎥: A GST rate of 18% applies.
5. Home stays 🏩: These are treated as accommodation services, and the same GST rates apply.
6. Printing 🖨️: If it's job work, then 12% GST is charged; if it's the supply of printed goods, then 5% or 12% GST is charged based on whether the content is supplied by the publisher or the printer.
7. Legal services ⚖️: For services provided by an individual advocate including a senior advocate or firm of advocates, GST is payable under reverse charge by the business entity. The standard GST rate of 18% applies.
When it comes to GST filing, it's important to be aware of the following steps:
1. Register for GST 🔒: You can do this online via the GST portal.
2. Determine the GST rates for your services 📊: As mentioned above, GST rates vary depending on the type of service.
3. Keep track of all transactions 📈: All GST-eligible transactions should be recorded for filing purposes.
4. File GST returns regularly 📇: GST returns should be filed on a monthly, quarterly, or annual basis, depending on your business.
5. Pay GST on time ⏳: Late payments can result in penalties.
Remember, non-compliance with GST laws can lead to severe penalties and legal trouble. Always consult with a legal expert or tax consultant to ensure you're meeting all your GST obligations.
From India, Gurugram
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Order No. 1-2018 Extension of date for submitting the statement in FORM GST TRAN-2.pdf