Abacus Coaching Classes provided, it is taxable right, GST 18%
Please, reply
Abacus Training
Replies (7)
Quick Summary
Yes @ 18%
If the Aggregate Turnover of the Abacus Coaching Classes exceeds Rs. 20 lakhs, then GST @ 18% is applicable.
ITC can be availed right
Yes provided all the Four conditions as laid down U/s 16(2) of the CGST Act 2017 is satisfied but subject to BLOCKED CREDIT U/s 17(5) of the CGST Act 2017.
Ok thanks
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Yes ITC can be claimed
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