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GST applicability on dance classes can be a bit nuanced. Here's a breakdown:
GST Applicability - _Exemption_: Dance classes provided by an individual or a proprietorship firm are exempt from GST, as per Notification No. 12/2017-Central Tax (Rate) dated June 28, 2017. -
_GST Applicable_: However, if the dance classes are provided by a: - Private limited company - Partnership firm - Limited liability partnership (LLP) - Any other form of business entity - Then GST is applicable. GST Rate - _18% GST Rate_:
If GST is applicable, the rate would be 18% (9% CGST + 9% SGST) for dance classes provided by entities other than individuals or proprietorship firms. Conditions for Exemption - _
Aggregate Turnover_: The exemption for individual dance class providers is only applicable if their aggregate turnover does not exceed ₹40 lakhs (₹20 lakhs for special category states) in a financial year. -
_No Input Tax Credit (ITC)_: If the dance class provider is exempt from GST, they cannot claim ITC on their business inputs.
Additional Considerations - _Registration_:
Even if GST is not applicable, dance class providers may still need to register for GST if their aggregate turnover exceeds the threshold limit. - _Compliance_: Maintain proper records and comply with GST regulations,
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