ANNUAL SUBSCRIPTION
Query (Issue) Started By: – MARIAPPAN GOVINDARAJAN Dated:- 27-9-2017 Last Reply Date:- 29-9-2017 Goods and Services Tax – GST
Got 4 Replies
GST
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%. In
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