GST Rates

An educational institution under GST is defined as an institution that provides services by way of – Education at the pre-school level and education upto higher secondary school or equivalent. Education as a part of the curriculum for obtaining a qualification Education that is a part of an approved vocational education course. What is an […]

The GST rate on diamond jewellery is set at 3%, which applies to the total invoice value. This includes the cost of the diamond, any additional materials such as gold or platinum, and making charges. Applicability of GST on Diamonds and Diamond Jewellery in India After the 47th GST Council meeting, the rate of GST

A broker or commission agent acts as an intermediary, facilitating transactions between buyers and sellers in exchange for a fee known as a commission or brokerage. Common examples include: Insurance brokers who help clients find suitable insurance policies Real estate agents who assist in property sales and rentals Stockbrokers who execute trades on behalf of

Lease or rental of immovable property for business attracts GST at 18% as a service. GST at 18% applies to rent for commercial spaces, treating it as a taxable service. Applicability of GST on Commercial Property GST on Rent Paid on Commercial Property: If you own a building and rent it out for business purposes, like

Clothing items priced below ₹1000 attract a GST rate of 5%, whereas those priced ₹1000 or above are taxed at 12%. Ready-made garments fall under the 12% GST slab. Meanwhile, synthetic or man-made fibers and fabrics are subject to a higher GST rate of 18%. Although the standard GST rate for textile products is 12%, items such as apparel and footwear

India currently prides itself on being the second-largest global producer of cement. It’s worth noting that the government is a significant consumer in this industry, and therefore, its infrastructure projects heavily rely on cement. However, it’s interesting to observe that cement is subject to the highest tax rates despite being extensively used by the general

Catering services attract 18% GST. Businesses providing these services can claim Input Tax Credit (ITC) on GST paid, subject to conditions under GST law, helping reduce tax liability and improve compliance. The rate may differ based on the type of establishment and whether alcohol is served.The GST on catering services and the GST on banquet hall charges can affect

Goods and Services Tax (GST) currently applies to most goods and services in India including motor vehicles. GST on cars in India is applicable across multiple slab rates of 5%, 12%, 18% and 28%. The most relevant GST rate on cars is 28% that applies to motor vehicles including those for personal as well as

The GST plays a significant role in determining travel costs for passengers in India. The GST slab for flight tickets is distributed across 5% and 12%, depending on the ticket type. GST applies to both domestic and international flight tickets, making it essential for travellers to understand these charges. As civil aviation emerges as a

As per GST Regime, Air conditioners in India are subject to 28% of GST rate, regardless of whether they are split or window units. Air conditioners are classified as luxury items and fall under the highest tax bracket of 28%. What is GST on Air Conditioners (AC)? GST regime in India, air conditioners, whether split