GST taxable rate on Services provided by a race club business
Present Indian GST charges on Services provided by a race club? Goods and Service Tax rate for Services provided by a race club? GST duty payable on Services provided by a race club?
This information is about GST taxable rate on Services provided by a race club.
The rate of GST on Services provided by a race club by way of totalisator or a licensed bookmaker in such club fixed by GST council at the introduction of GST in July, 2017 is 28% with full ITC
GST Council decide 4 main GST Rates Slabs for India. Now GST Rates are finalised i.e. GST Rates in India is 5%, 12%, 18% & 28%. 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.
This detail about GST rate tariff on Services provided by a race club is only for information. The validity of above information and amendments about GST rate on Services provided by a race club may be verified before any business dealing.
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