GST tariff rate for Forward Contract Services

 

GST slab on Forward Contract Services

 

GST tax slab rate for Forward Contract Services?  How much GST for Forward Contract Services?

 

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01 copyThe details about GST rate changes for Forward Contract Services are being updated here.  The notification changes on exemptions for GST for Forward Contract Services and other circulars related to GST for Forward Contract Services are updated in this website.

 

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 categories of services exempted from paying GST is being declared soon by the authorities. You may go through GST exemption list of services and categories once released and confirm, whether business services of your category fall under exempted list of GST.

 

The above information is about GST rate for Forward Contract Services. This post is being updated with latest changes in GST rate for Forward Contract Services, update on latest GST notification on Forward Contract Services and amendments related to GST on Forward Contract Services.

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