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Stock auditing services 18 or 12%?
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 %?
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Quick Summary
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.
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.
GST rate would be 18%.
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