Service tax

[Amal Raj]

For computer rental service what will be the GST % and for the same is there any excemption with respect to turnover

[Kishan Barai]

18% if >20,00,000 turnover or more

[DR.MARIAPPAN GOVINDARAJAN]

Exemption is available if your annual transaction is within ₹ 20 lakhs. If it exceeds you are liable to levy GST and the rate is 18%.

AI Summary

GST on computer rental services applies at the standard rate when annual turnover exceeds the exemption threshold. GST liability for computer rental services arises where the supplier's annual transactions exceed the prescribed exemption threshold; in that event the service is taxable at 18%. An exemption applies where annual transactions remain within the stated turnover limit, relieving such providers from GST collection and related levy obligations.