GST applicable on Auction services
The details about GST rate changes for sale of Auction services are being updated here. The notification changes on exemptions for GST for sale of Auction services and other circulars related to GST for Auction services are updated in this website.
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"Auction of Property" includes calling the auction or providing a facility, advertising or illustrating services, pre-auction price estimates, short-term storage services, repair or restoration services in relation to auction of property.
Goods and Service Tax (GST) rate tariff in India is 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.
Some of the categories under auction service is being exempted from GST in India. Read list of exemption categories of GST to know more.
The information about GST rate changes for sale of Auction service is being updated here. The notification changes on exemptions for GST for sale of Auction services and other circulars related to GST for Auction services are updated here soon.
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Zero percentage GST on sale of Human hair
Reduced GST on Bones and horn cores business
Nil rate of GST on sale of Bones and horn cores
No need pays GST on sale of hoof meal
Zero rate of GST on sale of bone grist
No need to pay GST on sale of bone meal
Zero percentage of GST on sale of horn meal
Zero percentage GST on purchase of Semen
Nil rate on sale of frozen semen
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No GST on sale of rhizomes
Zero rate of GST on sale of plant Tubers
Nil rate tariff of GST on Plant Bulbs
No need to pay GST on crowns
No need to pay GST on sale of corms
No GST on sale of chicory plants and roots
Zero rate of GST on sale of flower buds suitable for bouquets
GST slab rate on Auction services by individual
GST expenses on Auction Facility providers
Slab GST on Auction illustrating services
Tax of GST on Pre-auction price estimating services
Rate of GST slab on Property Auction short term storage services
GST slab on Property Auction repair or Auction restoration services