GST duty for Credit Rating Agency's Services

GST slab on Credit Rating Agency's Services

 

Click here to know GST rate for this service 

Is GST payable for Business of credit rating of any debt obligation service? What is the rate of GST applicable for credit rating of any project service? Is GST exempted for Business of credit rating of programme requiring finance service? Rate tariff of GST for credit rating of any financial obligation service?

 

01 copyThe details about GST rate changes for sale of Consulting engineer's service are being updated here. The notification changes on exemptions for GST for sale of Consulting engineer's service and other circulars related to GST for Live Animals are updated in this website.

 

Credit Rating Agency means any person engaged in the business of credit rating of any debt obligation or of any project or programme requiring finance, whether in the form of debt or otherwise, and includes credit rating of any financial obligation, instrument or security, which has the purpose of providing a potential investor or any other person any information pertaining to the relative safety of timely payment of interest or principal

 

Goods and Service Tax (GST) rate tariff in India is designed in 6 categories of goods and services. Four main GST rate slabs framed with Essential goods and services, Standard goods and services and luxury goods and services with 5%, 12%, 18% and 28% respectively. Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and Special category of Goods and Services including luxury - 28%. The most essential goods and services attract nil rate of GST under Exempted Categories. Luxury goods and services and certain specific goods and services attract additional cess than 28% GST.

 

 

The categories of services exempted from paying GST is being declared soon by the authorities. You may go through GST exemption list of services and categories once released and confirm, whether business services of your category fall under exempted list of GST.

 

This post explains about GST impact on Credit Rating Agency's Services. The information about GST rate changes for credit rating of any financial obligation service are updated here. The notification changes on exemptions for GST for service pertaining to the relative safety of timely payment of interest or principal service related to GST are updated in this website soon.

Click here to know GST rate for this service 

 

Click here to know GST rate on Goods and Services

 

Click here to know GST exemption list of goods and service

 

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GST expense on Business of credit rating of any debt obligation service
Total GST charges on Business of credit rating of any project service
Amount of GST to be paid on Business of credit rating of programme requiring finance service
Total tax on GST on credit rating of any financial obligation service
Rate of GST slab on service pertaining to the relative safety of timely payment of interest or principal service


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