GST Exam > GST Notes > Learn About GST : Updates and Rules > List of Services at 18% Rate - Rate Lists for Services
List of Services at 18% 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 having licence to serve liquor |
18% |
|
2 |
Supply of Food/drinks in restaurant having facility of air-conditioning or central heating at any time during the year |
18% |
|
3 |
Supply of Food/drinks in outdoor catering |
18% |
|
4 |
Accommodation in hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes where room tariff of Rs 2500/- and above but less than Rs 7500/- per room per day |
18% |
|
5 |
Bundled service by way of supply of food or any other article of human consumption or any drink, in a premises (including hotel, convention center, club, pandal, shamiana or any other place, specially arranged for organizing a function) together with renting of such premises |
18% |
|
6 |
Services by way of admission or access to circus, Indian classical dance including folk dance, theatrical performance, drama |
18% |
|
7 |
Composite supply of Works contract as defined in clause 119 of section 2 of CGST Act |
18% |
|
8 |
Services by way of admission to exhibition of cinematograph films where price of admission ticket is one hundred rupees or less. |
18% |
|
9 |
All other services not specified elsewhere |
18% |
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FAQs on List of Services at 18% Rate - Rate Lists for Services - Learn About GST : Updates and Rules
| 1. What are the services that are taxed at the 18% rate under GST? |  |
Ans. The services that are taxed at the 18% rate under GST include hospitality services, outdoor catering services, beauty treatment services, financial leasing services, telecommunication services, television and radio broadcasting services, and services provided by air-conditioned restaurants that do not serve alcohol.
| 2. Are there any specific exemptions or deductions for services taxed at the 18% rate? | |
Ans. No, there are no specific exemptions or deductions for services taxed at the 18% rate under GST. All services falling under this rate are subject to a flat 18% tax rate.
| 3. Are there any services that are taxed at a higher rate than 18%? | |
Ans. Yes, there are certain services that are taxed at a higher rate than 18% under GST. For example, services such as accommodation in hotels, gambling, race club betting, cinema tickets, and services provided by the entertainment industry are taxed at a higher rate of 28%.
| 4. Can I claim input tax credit for services taxed at the 18% rate? | |
Ans. Yes, you can claim input tax credit for services taxed at the 18% rate under GST. Input tax credit allows businesses to claim a credit for the tax paid on inputs used in the course of providing taxable services. This credit can be utilized to offset the tax liability on output services.
| 5. How does GST impact the cost of services taxed at the 18% rate? | |
Ans. GST impacts the cost of services taxed at the 18% rate by adding a flat 18% tax on the value of the service provided. This means that the final cost of the service to the consumer will include this tax component. Businesses providing such services need to ensure that they charge and collect the appropriate GST amount from their customers to comply with the law.
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About this Document
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Dec 20, 2024 Last updated |
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