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of <h1>GST Rates Decoded: Comprehensive Tax Guidelines for Services Across Sectors with Detailed Rate Structures</h1> Here's a concise summary of the notification:This notification details the Central Goods and Services Tax (CGST) rates for various services across different sectors. Key highlights include:1. Specifies tax rates for services ranging from 0.75% to 14%, depending on the service category.2. Provides detailed guidelines for construction services, particularly for real estate projects, with specific rates for:- Affordable residential apartments- Non-affordable residential apartments- Commercial apartments3. Includes provisions for input tax credit calculations for real estate projects, with complex methodologies for determining eligible credits.4. Covers service categories like:- Transportation- Accommodation and food services- Passenger transport- Goods transport- Rental services- Professional services5. Includes explanatory notes defining terms like 'promoter', 'residential apartment', and 'ongoing project'.6. Provides specific conditions and exceptions for tax rates in different service scenarios.The notification aims to provide a comprehensive framework for GST taxation of various services, with nuanced rates and conditions tailored to different sectors.
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