GST Exemptions on Skill Development, Start-Ups and Tourism
Shri Shiv Pratap Shukla, Minister of State for Finance in written reply to a question in Rajya Sabha has briefed members on GST exemptions available on Skill Development, Start-Ups and Tourism.
It was stated that all kinds of representations received from the trade and industry (including start-ups) regarding GST rates on services have been deliberated in the Fitment Committee. Government 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 deliberation in GST Council.
There are several services which have been exempt from GST. The details are as given below.
– 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.
(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 National Skill Development Corporation.
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 tour operators services attracts concessional rate of GST @ 5%, subject to fulfilment of specified conditions.
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