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 Rentals: 18% for Turnover Over 20 Lakhs, Exempt Below Threshold. A query was raised regarding the applicable Goods and Services Tax (GST) rate for computer rental services and potential exemptions related to turnover. Two responses were provided. The first response indicated an 18% GST rate for turnovers exceeding 20 lakhs. The second response confirmed that transactions below 20 lakhs are exempt from GST, but if the turnover exceeds this threshold, the GST rate is 18%.