Impact Of Gst On Service Sector

GST Payer
watch_later 4 years ago

What will be the impact of GST on service sector? If you see it now, service tax is charged at 15%, post GST implementation GST will be charged at 22% to 24%.

Is industry ready to take a hit of 8% on taxation?

  • chatComments
    To be more specific how it will impact accounting professionals? Existing clients will agree to pay tax at such a high rate? - GST Payer
    Not only accounting professionals every service provider has to adjust cost structure. But it even has benefits as input credits will be available to them which was denied till now. - Pulkit Sharma

No answers yet, if you know the answer help us.

Did Not get Answer?

Join the largest Taxation Q&A platform on internet and ASK YOUR OWN question.

Ask your Question

You need to be logged in to answer.

Ask Question