Taxable or not ?

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This query is : Resolved

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This discussion clarifies whether private library and reading room services are subject to Goods and Services Tax (GST). If your library's turnover exceeds Rs 20 lakh, GST registration is required. The relevant Service Accounting Code (SAC) for library services is 998451, with an 18% GST rate. Importantly, while public libraries may be exempt, private libraries are generally taxable.

Avinash Kumar

Avinash Kumar (Querist)
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10 April 2020 I am running a private library whose turnover likely to cross Rs 20.00 lakh, whether running a private library or reading rooms services is taxable services or not, please also quote HSN.

Thanks in advance.

RAJA P M

RAJA P M (Expert)
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10 April 2020 Yes... For Library service is atract GST. As per GST turn over limit if Your turn over exceeding Rs 20 lakhs the registration is required... For Library services SAC Code 998451 GST Rate(%) : 18