Services of public libraries is exempted from paying GST
Is my Services of public libraries by way of lending of books, publications or any other knowledge-enhancing content or material exempt from paying GST? No GST applicable for Services of public libraries by way of lending of books, publications or any other knowledge-enhancing content or material? Should I need to pay GST on my service product Services of public libraries by way of lending of books, publications or any other knowledge-enhancing content or material?
As per GST Law 2017, there is no GST payable on Services of public libraries by way of lending of books, publications or any other knowledge-enhancing content or material.
So the rate of GST payable on Services of public libraries by way of lending of books, publications or any other knowledge-enhancing content or material is nil rate.
The Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. 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 above details about GST rate tariff on Services of public libraries by way of lending of books, publications or any other knowledge-enhancing content or material is only for information.
The validity of above information and amendments about GST rate on Services of public libraries by way of lending of books, publications or any other knowledge-enhancing content or material may be verified before any business dealing.
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