Services by way of transportation of goods by inland waterways is exempted from paying GST
Any GST concession on Services by way of transportation of goods by inland waterways? Does Services by way of transportation of goods by inland waterways fall under GST exempted items? I am doing Services by way of transportation of goods by inland waterways. Should I need to pay GST?
As per GST Law 2017, there is no GST payable on Services by way of transportation of goods by inland waterways.
So the rate of GST payable on Services by way of transportation of goods by inland waterways is nil rate.
GST Council Decide 4 main GST Rates Slabs for India. Now GST Rates are finalised i.e GST Rates in India is 5%, 12%, 18% & 28%. Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and Special category of Goods and Services including luxury - 28%. The most essential goods and services attract nil rate of GST under Exempted Categories. Luxury goods and services and certain specific goods and services attract additional cess than 28% GST.
The above details about GST rate tariff on Services by way of transportation of goods by inland waterways is only for information.
The validity of above information and amendments about GST rate on Services by way of transportation of goods by inland waterways may be verified before any business dealing.
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