GST slab on technical or Scientific Consultancy Services
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What is the rate of GST applicable for technical assistance advice service rendered by a scientist? Is GST exempted for scientific consultancy service rendered by technocrat? Rate tariff of GST for technical assistance consultancy service rendered by technology institution?
The details about GST rate changes for Scientific or technical consultancy Services are being updated here. The notification changes on exemptions for GST for Scientific or technical consultancy Services and other circulars related to GST for Scientific or technical consultancy Services are updated in this website.
Scientific or technical consultancy means any advice, consultancy, or scientific or technical assistance, rendered in any manner, either directly or indirectly, by a scientist or a technocrat, or any science or technology institution or organization, to any person, in one or more disciplines of science or technology. (Section 65(92) of Finance Act, 1994 as amended)
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 exempted categories under technical consultancy Services is being published by GST authorities soon, where no GST is payable for such categories of service. You may read GST exemption list of services, once published.
The above information is about GST rate for Scientific or technical consultancy Services. This post is being updated with latest changes in GST rate for Scientific Consultancy Services, update on latest GST notification on scientific consultancy service rendered by science organization and amendments related to GST on technical consultancy Services.
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GST duty on technical assistance advice service rendered by a scientist
Total GST rate on technical assistance consultancy service rendered by technology institution
Indian GST charges on scientific consultancy service rendered by technocrat
GST expenses on scientific consultancy service rendered by science organization