Applicable GST Rate on Educational Services The SAC code and GST rate for educational services are as follows: Chapter/Section/Heading Description of ServiceGST Rates 9992 Education Services 18% 9992 (a) to students, faculty and staff of an educational institution (b) to an educational institutio...
The Central Board of Indirect Taxes and Customs ( CBIC ), vide circular no. 234/28/2024-GST on 11th October 2024, has explained that an 18% Goods and Services Tax ( GST ) applies to affiliation services furnished via universities to colleges. These affil
sgst is the tax levied on goods and services provided within the boundaries of a given state. the act puts the various state taxes, such as luxury tax, state income tax, entry tax, entertainment tax and so on, under one umbrella. commodities not subject to gst list of commodities does ...
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The quality of the human resource of a nation depends on how efficient is its education system. It is very important to note that like all other services, education itself is an economic activity. Hence, educational institutions are not exempt from GST. There are clearly defined GST provisions...
Discover how to register, calculate and report on the Goods and Services Tax (GST) and how it might affect you as a business owner.
On January 1 2024 the Singaporean Government increased Goods and Services Tax (GST) from 8% to 9%. Learn how it affects you.
In the case of a supply of services, the time of supply is when the services are performed. A service is considered “performed” when the work is done or completed by the supplier of services. The time of supply rule based on the basic tax point is then var...
This article aims to elucidate the key features and benefits of Form GSTR-1A, guiding taxpayers on how to leverage this new tool effectively. GST Applicability in the Education Sector: Historical Neglect and Current Implications Tanishka Vaish 31 January 2025 at 08:56 The research highlights ke...
GST/HST registrants who provide taxable goods or services have to charge and collect the GST/HST on their sales. If the GST/HST collected is greater than the GST/HST paid or payable, the difference is sent to the CRA. If the GST/HST collected is less than the GST/HST paid or payable...