Service Tax Exemptions to be continued in GST as decided by GST Council for SERVICES

Service Tax Exemptions to be continued in GST as decided by GST Council for SERVICES

1. Services relating to cultivation of plants and rearing of all life forms of animals, except the rearing of horses, for food, fibre, fuel, raw material or other similar products or agricultural produce by way of—

(i) agricultural operations directly related to production of any agricultural produce including cultivation, harvesting, threshing, plant protection or testing or (ii) supply of farm labour; (iii) processes carried out at an agricultural farm including tending, pruning, cutting, harvesting, drying, cleaning, trimming, sun drying, fumigating, curing, sorting, grading, cooling or bulk packaging and such like operations which do not alter the essential characteristics of agricultural produce but make it only marketable for the primary market; (iv) renting or leasing of agro machinery or vacant land with or without a structure incidental to its use; (v) loading, unloading, packing, storage or warehousing of agricultural produce; (vi) agricultural extension services; (vii) services by any Agricultural Produce Marketing Committee or Board or services provided by a commission agent for sale or purchase of agricultural produce.

2. Services by the Reserve Bank of India

3. Services by a foreign diplomatic mission located in India

4. Services by Government or a local authority excluding the following services—

(i) services by the Department of Posts by way of speed post, express parcel post, life insurance, and agency services provided to a person other than Government; (ii) services in relation to an aircraft or a vessel, inside or outside the precincts of a port or an airport; (iii) transport of goods or passengers; or (iv) any service, other than services covered under clauses (i) to (iii) above, provided to business entities.

5. Service by way of access to a road or a bridge on payment of toll charges

6. Transmission or distribution of electricity by an electricity transmission or distribution utility

7. Services by way of transportation of goods

(i) by road except the services of—

 (A) a goods transportation agency; or

 (B) a courier agency;

(ii) by inland waterways;

8. Services by way of—

(i) extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount (other than interest involved in credit card services);

(ii) inter se sale or purchase of foreign currency amongst banks or authorised dealers of foreign exchange or amongst banks and such dealers;

9. Services by way of renting of residential dwelling for use as residence

GST RATES FOR SERVICES AS APPROVED BY GST COUNCIL at 28%

SCHEDULE OF GST RATES FOR SERVICES AS APPROVED BY GST COUNCIL

GST RATE FOR Services by way of admission to entertainment events or access to amusement facilities including exhibition of cinematograph films, theme parks, water parks, joy rides, merry-go rounds, go-carting, casinos, race-course, ballet, any sporting event such as IPL and the like; 28% With Full ITC

GST RATE FOR Accommodation in hotels including 5 star and above rated hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes, where room rent is Rs 5000/- and above per night per room 28% With Full ITC

GST RATE FOR Transfer of the right to use any goods for any purpose (whether or not for a specified period) for cash, deferred payment or other valuable consideration (supply of service) to attract the same GST rate and compensation cess as applicable on supply of similar goods which involves any transfer of title in goods (supply of goods)  - Same rate of GST and compensation cess as on supplyof similar goods.

GST RATE FOR Services provided by a race club by way of totalisator or a licensed bookmaker in such club; 28% With Full ITC

GST RATE FOR Gambling; 28% With Full ITC

GST RATE FOR Supply of Food/drinks in air-conditioned restaurant in 5-star or above rated Hotel 28% With Full ITC

GST RATE FOR Any transfer of right in goods or of undivided share in goods without the transfer of title thereof (supply of services) to attract the same GST rate and compensation cess as applicable on supply of similar goods which involves any transfer of title in goods (supply of goods). Same rate of GSTand compensation cess as on supply of similar goods

GST RATE FOR Supply consisting of transfer of title in goods under an agreement which stipulates that property in goods shall pass at a future date upon payment of full consideration as agreed (supply of goods): value of leasing services shall be included in the value of goods supplied. GST and compensation cess as on supply of similar goods

GST RATE FOR All other services not specified elsewhere 18% With Full ITC

GST RATES FOR SERVICES AS APPROVED BY GST COUNCIL AT 18%

SCHEDULE OF GST RATES FOR SERVICES AS APPROVED BY GST COUNCIL AT 18%

GST RATE FOR Supply of Food/drinks in restaurant having licence to serve liquor - 18% With Full ITC

GST RATE FOR Supply of Food/drinks in restaurant having facility of air-conditioning or central heating at any time during the year 18% With Full ITC Supply of Food/drinks in outdoor catering - 18% With Full ITC

GST RATE FOR Renting of hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes where room tariff of Rs 2500/ and above but less than Rs 5000/- per room per day - 18% With Full ITC

GST RATE FOR Bundled service by way of supply of food or any other article of human consumption or any drink, in a premises (including hotel, convention center, club, pandal, shamiana or any other place, specially arranged for organizing a function) together with renting of such premises - 18% With Full ITC

GST RATE FOR Services by way of admission or access to circus, Indian classical dance including folk dance, theatrical performance, drama -18% With Full ITC

GST RATE FOR Composite supply of Works contract as defined in clause 119 of section 2 of CGST Act - 18% With Full ITC