Nil rate of GST on Services provided by cord blood banks

 

Services provided by cord blood banks attracts no GST

 

Is my   Services provided by cord blood banks by way of preservation of stem cells or any other service in relation to such preservation exempt from paying GST? No GST applicable for Services provided by cord blood banks by way of preservation of stem cells or any other service in relation to such preservation? I am doing Services provided by cord blood banks by way of preservation of stem cells or any other service in relation to such preservation. Should I need to pay GST?

 


As per GST Law 2017, there is no GST payable on Services provided by cord blood banks by way of preservation of stem cells or any other service in relation to such preservation.  

So the rate of GST payable on Services provided by cord blood banks by way of preservation of stem cells or any other service in relation to such preservation is nil rate.

 

There are six GST tax slabs – 0, 5, 12, 18, 28, and 28 percent plus cess. 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.

 

This information is about GST on Services provided by cord blood banks by way of preservation of stem cells or any other service in relation to such preservation.  Would you like to add more information about GST rate tariff on Services provided by cord blood banks by way of preservation of stem cells or any other service in relation to such preservation?  Share below your comments about Goods and Service Tax levied on Services provided by cord blood banks by way of preservation of stem cells or any other service in relation to such preservation.

 

The above details about GST rate tariff on Services provided by cord blood banks by way of preservation of stem cells or any other service in relation to such preservation is only for information.

The validity of above information and amendments about GST rate on Services provided by cord blood banks by way of preservation of stem cells or any other service in relation to such preservation may be verified before any business dealing.

 

 

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