Services of general insurance business provided under Cattle Insurance under Swarnajaynti Gram Swarozgar Yojna is exempted from paying GST
Is Services of general insurance business provided under Cattle Insurance under Swarnajaynti Gram Swarozgar Yojna (earlier known as Integrated RuralDevelopment Programme) is exempted to pay GST? Any GST concession on Services of general insurance business provided under Cattle Insurance under Swarnajaynti Gram Swarozgar Yojna(earlier known as Integrated RuralDevelopment Programme)? Should I need to pay GST on Services of general insurance business provided under Cattle Insurance under Swarnajaynti Gram Swarozgar Yojna(earlier known as Integrated RuralDevelopment Programme)?
As per GST Law 2017, there is no GST payable on Services of general insurance business provided under Cattle Insurance under Swarnajaynti Gram Swarozgar Yojna(earlier known as Integrated RuralDevelopment Programme).
So the rate of GST payable on Services of general insurance business provided under Cattle Insurance under Swarnajaynti Gram Swarozgar Yojna (earlier known as Integrated RuralDevelopment Programme) is nil rate.
The Goods and Services Tax (GST) will be levied at multiple rates ranging from 0 per cent to 28 per cent. GST Council finalised a four-tier GST tax structure of 5%, 12%, 18% and 28%, with lower rates for essential items and the highest for luxury and de-merits goods that would also attract an additional cess.
The above details about GST rate tariff on Services of general insurance business provided under Cattle Insurance under Swarnajaynti Gram Swarozgar Yojna (earlier known as Integrated RuralDevelopment Programme) is only for information.
The validity of above information and amendments about GST rate on Services of general insurance business provided under Cattle Insurance under Swarnajaynti Gram Swarozgar Yojna (earlier known as Integrated RuralDevelopment Programme) may be verified before any business dealing.
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