GST levied rate on purchase or sale of job work services
How much GST tax payable on job work services? Present Indian GST charges on job work services? Goods and Service Tax rate for job work services?
The below information details GST imposed rate on job work services
We already know that the GST slabs are pegged at 5%, 12%, 18% & 28%. Under GST- 5 percent for essential goods, standard rate of 12 and 18 percent, high rate of 28 percent and peak rate of 28 percent plus cess for luxury items. The most essential goods and services attract nil rate of GST under Exempted Categories
The rate of GST on Services by way of job work in relation to printing of newspapers
fixed by GST council at the introduction of GST in July, 2017 is 5% with full ITC
11thjune 2017
13A Services by way of job work in relation to –
a) Textile yarns (other than man-made fibre/filament) & textile fabrics
b) Cut and polished diamonds; precious and semi-precious stones, or plain and studded jewellery of gold and other precious metals, falling under chapter 71 of HSN
c) Printing of books (including Braille books), journals and periodicals
d) Processing of leather
5% with Full ITC
This detail about GST rate tariff on job work services is only for information.
The validity of above information and amendments about GST rate on job work services may be verified before any business dealing.
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