GST Exam > GST Notes > Learn About GST : Updates and Rules > List of Services at 12% Rate - Rate Lists for Services
List of Services at 12% Rate - Rate Lists for Services | Learn About GST : Updates and Rules PDF Download
|
S. No. |
Description of Services |
Rate |
|
1 |
Supply of food/drinks in restaurant not having facility of air-conditioning or central heating at any time during the year and not having license to serve liquor |
12% |
|
2 |
Accommodation in hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes having room tariff Rs.1000 and above but less than Rs.2500 per room per day |
12% |
|
3 |
Transport of passengers by air in other than economy class. |
12% |
|
4 |
Transport of goods in containers by rail by any person other than Indian Railways. |
12% |
|
5 |
Services provided by foreman of chit fund in relation to chit |
12% with ITC of input services |
|
6 |
Temporary or permanent transfer or permitting the use or enjoyment of Intellectual Property (IP) right in respect of goods other than Information Technology software. |
12% |
|
7 |
Construction of a complex, building, civil structure or a part thereof, intended for sale to a buyer, wholly or partly (the value of land is deemed to be one-third of the total amount charged for such supplies) |
12% with no refund of accumulated ITC |
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FAQs on List of Services at 12% Rate - Rate Lists for Services - Learn About GST : Updates and Rules
| 1. What are the services that attract a 12% GST rate? |  |
Ans. Services such as restaurant services, hotel accommodation services, transportation services by air-conditioned contract carriages, and services provided by tour operators are some examples that attract a 12% GST rate.
| 2. Are all services taxed at the same GST rate? | |
Ans. No, different services attract different GST rates. The GST rates for services vary from 5% to 28%, depending on the nature of the service provided.
| 3. Is the 12% GST rate applicable to all hotel accommodations? | |
Ans. No, the 12% GST rate is applicable to hotel accommodations with a declared tariff of INR 1,001 to INR 7,500 per room per night. Hotel accommodations with a declared tariff below or above this range attract different GST rates.
| 4. Are there any exemptions from the 12% GST rate for certain services? | |
Ans. Yes, certain services are exempt from the 12% GST rate. For example, services provided by educational institutions, healthcare services, and services related to agricultural activities are exempt from GST or attract a lower rate.
| 5. How can I determine the GST rate applicable to a specific service? | |
Ans. The GST rate applicable to a specific service can be determined by referring to the GST rate lists provided by the government. These rate lists categorize different services and specify the corresponding GST rates applicable to each category.
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Dec 20, 2024 Last updated |
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