Goods and Services Tax – Started By: – MARIAPPAN GOVINDARAJAN – Dated:- 27-9-2017 Last Replied Date:- 29-9-2017 – Dear Colleagues,Please discuss the following issue- Whether the annual subscription paid to the professional institutes such as ICAI,ICAI, ICWAI attracts GST?If so what is the rate?Whether the Institute is to raise invoices against all the members?Whether the Institute is pay to tax under revserse charge if the member is not registered under GST?Whether the tax paid on annual subscription can be taken as input tax credit by the members who registered with GST? – Reply By Himansu Sekhar – The Reply = Sir,The annual subscription is subject to tax at 18%. Invoice will be issued.If subscription received from unregistered person, RC
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