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Stock auditing services 18 or 12%?

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ravee chand

B.Com

59 Points Posted on 18 June 2020

Sir one of my client doing is only stock auditing services now billing in 18% gst rate it's pure services. my question is what tax rate should use 12 or 18 %?

Replies (3)

Quick Summary

This discussion clarifies the Goods and Services Tax (GST) rate applicable to stock auditing services. The consensus is that stock auditing, being a pure service, is generally taxed at 18% under GST. It's also mentioned that service providers might be eligible for the composition scheme, potentially reducing the applicable rate to 6%. For definitive advice, consulting a GST expert or checking official notifications is recommended.

David

article Assistant

1644 Points Posted on 18 June 2020

Hlo Ravee, for auditing purposes tax rate is 18%. Since your friend only doing stock audit services, can opt for composition scheme for service providers. Hence it only 6% will be applicable.

Reckelton James

Accountant

30 Points Posted on 24 February 2025

For stock auditing services, which are considered a type of pure service under GST, the applicable tax rate is generally 18%. This falls under professional services, including auditing and accounting, which are typically taxed at this standard rate.

However, it's always best to double-check with a GST expert or refer to the latest GST council notifications to ensure compliance with any recent changes.