GST expenses on Recognized Associations-Commodity Exchange Services
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How much GST tax for Recognized Associations-Commodity Exchange Services? Is GST charged on Recognized Associations-Commodity Exchange Services?
The details about GST rate changes for Recognized Associations-Commodity Exchange Services are being updated here. The notification changes on exemptions for GST for Recognized Associations-Commodity Exchange Services and other circulars related to GST for Recognized Associations-Commodity Exchange 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 exempted categories under Recognized Associations-Commodity Exchange 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 Recognized Associations-Commodity Exchange Services. This post is being updated with latest changes in GST rate for Recognized Associations-Commodity Exchange Services, update on latest GST notification on Recognized Associations-Commodity Exchange Services and amendments related to GST.
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