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GST on Skill Development, Start-Ups and Tourism

Capital Market 

All kinds of representations received from the trade and industry (including start-ups) regarding GST rates on services have been deliberated in the has exempted various kinds of services in relation to skill development.

Decision pertaining to rates of GST and exemption on skill development, start-ups and tourism are taken after due in

There are several services which have been exempt from GST. The details are as given below.

Exemptions in relation to Skill development and start-ups

Services provided by an incubatee up to a total turnover of fifty lakh rupees in a financial year subject to the following conditions, namely:-

-the total turnover had not exceeded fifty lakh rupees during the preceding financial year; and

-a period of three years has not elapsed from the date of entering into an agreement as an incubatee.

Taxable services, provided or to be provided, by a Technology Business Incubator or a Science and Technology Entrepreneurship Park recognised by the National Science and of the Department of Science and Technology, of or bio-incubators recognised by the Industry Research Assistance Council, under the Department of Biotechnology, of

Any services provided by, (a) the set up by the Government of India; (b) a approved by the National Skill Development Corporation; (c) an assessment agency approved by the or the National Skill Development Corporation; (d) a training partner approved by the or the Sector Skill Council, in relation to-

i. the National Skill Development Programme implemented by the National Skill Development Corporation; or

ii. a vocational skill development course under the National Skill Certification and Monetary Reward Scheme; or

iii. any other Scheme implemented by the

Services of assessing bodies empaneled centrally by the of Training, by way of assessments under the Skill Development Initiative Scheme is exempt from GST.

Services provided by training providers (Project implementation agencies) under Deen Dayal Upadhyaya Grameen Kaushalya Yojana implemented by the Ministry of Rural Development, by way of offering skill or vocational training courses certified by the are exempt from GST.

Services provided to the Central Government, State Government, Union territory administration under any training programme for which total expenditure is borne by the Central Government, State Government, Union territory administration.

Exemptions is relation to Tourism

Services by a specified organisation in respect of a religious pilgrimage facilitated by the Government of India, under bilateral arrangement is exempt.

Further, supply of attracts concessional rate of GST @ 5%, subject to fulfilment of specified conditions.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 23 2018. 09:02 IST
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