GST on Library Services
Analysis of GST on Library Services in India
Is there any GST on Library Services ?
Yes
The service falls under :-
Heading 9984 “Telecommunications, broadcasting and information supply services “
Group 99845 : Library and archive services
998451: Library services
[ Refer Annexure of Notification No. 11/2017-Central Tax (Rate) and No. 8/2017-Inegrated Tax (Rate) both dated 28-6-2017, effective from 1-7-2017 ]
What are the rates of GST on Library Services ?
From 01.07.2017 : CGST Rate is 9% and SGST rate is 9% and IGST rate is 18% for following
“Telecommunications, broadcasting and information supply services. “
[ Entry No 22 of Notification No. 11/2017-Central Tax (Rate) and No. 8/2017-Inegrated Tax (Rate) both dated 28-6-2017 effective from 1-7-2017 . ]
Is there any Exemption from GST on Library Services ?
There is exemption from GST on following :-
“Services of public libraries by way of lending of books, publications or any other knowledge-enhancing content or material.”
[ Entry No 50 of Notification No. 12/2017-Central Tax (Rate) and No. 9/2017-Inegrated Tax (Rate) both dated 28-6-2017, effective from 1-7-2017 ]
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