No GST by an arbitral tribunal to a business entity with a turnover up to rupees twenty lakh

 

Services provided by an arbitral tribunal to a business entity with a turnover up to rupees twenty lakh attracts no GST

 

Is Services provided by an arbitral tribunal to a business entity with a turnover up to rupees twenty lakh (ten lakh rupees in a special category state) in the preceding financial year is exempted to pay GST? Any GST concession on Services provided by an arbitral tribunal to a business entity with a turnover up to rupees twenty lakh (ten lakh rupees in a special category state) in the preceding financial year?  Should I need to pay GST on my service product Services by an arbitral tribunal to a business entity with a turnover up to rupees twenty lakh(ten lakh rupees in a special category state)  in the preceding financial year?


As per GST Law 2017, there is no GST payable on Services provided by an arbitral tribunal to a business entity with a turnover up to rupees twenty lakh.  

So the rate of GST payable on Service
s provided by an arbitral tribunal to a business entity with a turnover up to rupees twenty lakh is nil rate.


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 provided by an arbitral tribunal to a business entity with a turnover up to rupees twenty lakh (ten lakh rupees in a special category state) in the preceding financial year is only for information.

The validity of above information and amendments about GST rate on Services provided by an arbitral tribunal to a business entity with a turnover up to rupees twenty lakh (ten lakh rupees in a special category state) in the preceding financial year may be verified before any business dealing.

 

 

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