GST on sale or purchase of Services provided by foreman of chit fund

GST payable rate on Services provided by foreman of chit fund business

 

What is the present GST rate tariff on Services provided by foreman of chit fund? How much GST tax payable on Services provided by foreman of chit fund? Present Indian GST charges on Services provided by foreman of chit fund?

GST on sale or purchase of Services provided by foreman of chit fund

 

This information is about GST on Services provided by foreman of chit fund.

 

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 rate of GST on Services provided by foreman of chit fund in relation to chit fixed by GST council at the introduction of GST in July, 2017 is 12% with ITC of input services
.

   

This detail about GST rate tariff on Services provided by foreman of chit fund is only for information.

 

The validity of above information and amendments about GST rate on Services provided by foreman of chit fund may be verified before any business dealing.

 

This article explains about GST on Services provided by foreman of chit fund. Have you satisfied with this information on GST on Services provided by foreman of chit fund? Share your views about GST impact on Services provided by foreman of chit fund business industry.

 

 

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Comments


sneha: Can i know if any abatement on the commission earned as such is given under GST like how it is given under service tax ??

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