Taxable services, provided or to be provided, by a Technology Business Incubator attracts no GST
Is GST payable on Taxable services, provided or to be provided, by a Technology Business Incubator (TBI) recognized by the National Science and Technology Entrepreneurship Development Board (NSTEDB) of the Department of Science and Technology, Government of India or bio-incubators recognized by the Biotechnology Industry Research Assistance Council, under Department of Biotechnology, Government of India?
As per GST Law 2017, there is no GST payable on Taxable services, provided or to be provided, by a Technology Business Incubator (TBI) recognized by the National Science and Technology Entrepreneurship Development Board (NSTEDB) of the Department of Science and Technology, Government of India or bio-incubators recognized by the Biotechnology Industry Research Assistance Council, under Department of Biotechnology, Government of India.
So the rate of GST payable on Taxable services, provided or to be provided, by a Technology Business Incubator (TBI) recognized by the National Science and Technology Entrepreneurship Development Board (NSTEDB) of the Department of Science and Technology, Government of India or bio-incubators recognized by the Biotechnology Industry Research Assistance Council, under Department of Biotechnology, Government of Indiais nil rate.
GST Council Decide 4 main GST Rates Slabs for India. Now GST Rates are finalised i.e GST Rates in India is 5%, 12%, 18% & 28%. 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 Taxable services, provided or to be provided, by a Technology Business Incubator (TBI) recognized by the National Science and Technology Entrepreneurship Development Board (NSTEDB) of the Department of Science and Technology, Government of India or bio-incubators recognized by the Biotechnology Industry Research Assistance Council, under Department of Biotechnology, Government of India. Would you like to add more information about GST rate tariff on Taxable services, provided or to be provided, by a Technology Business Incubator (TBI) recognized by the National Science and Technology Entrepreneurship Development Board (NSTEDB) of the Department of Science and Technology, Government of India or bio-incubators recognized by the Biotechnology Industry Research Assistance Council, under Department of Biotechnology, Government of India? Share below your comments about Goods and Service Tax levied on Taxable services, provided or to be provided, by a Technology Business Incubator (TBI) recognized by the National Science and Technology Entrepreneurship Development Board (NSTEDB) of the Department of Science and Technology, Government of India or bio-incubators recognized by the Biotechnology Industry Research Assistance Council, under Department of Biotechnology, Government of India.
The above details about GST rate tariff on Taxable services, provided or to be provided, by a Technology Business Incubator (TBI) recognized by the National Science and Technology Entrepreneurship Development Board (NSTEDB) of the Department of Science and Technology, Government of India or bio-incubators recognized by the Biotechnology Industry Research Assistance Council, under Department of Biotechnology, Government of Indiais only for information.
The validity of above information and amendments about GST rate on Taxable services, provided or to be provided, by a Technology Business Incubator (TBI) recognized by the National Science and Technology Entrepreneurship Development Board (NSTEDB) of the Department of Science and Technology, Government of India or bio-incubators recognized by the Biotechnology Industry Research Assistance Council, under Department of Biotechnology, Government of Indiamay be verified before any business dealing.
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GST on Taxable services, provided or to be provided, by a Technology Business Incubator (TBI) recognized by the National Science and Technology Entrepreneurship Development Board (NSTEDB) of the Department of Science and Technology, Government of India or bio-incubators recognized by the Biotechnology Industry Research Assistance Council, under Department of Biotechnology, Government of Indiais nil rate?
Should I need to pay GST on Taxable services, provided or to be provided, by a Technology Business Incubator (TBI) recognized by the National Science and Technology Entrepreneurship Development Board (NSTEDB) of the Department of Science and Technology, Government of India or bio-incubators recognized by the Biotechnology Industry Research Assistance Council, under Department of Biotechnology, Government of India?