We understand that operating in multiple jurisdictions brings opportunities to reduce costs and gain market share while the complicated laws makes overseas expansion time consuming and costly.

GST is an absolute Indirect Tax that is to levy on sale, manufacture, and consumption of goods and services over the country. It is a separate tax proper for the supply of goods from the manufacturer to the user. GST is vital only on value addition at each stage. Although, GST registration is obligatory for registering business of Consultancy Services.

GST Rate on consultancy agencies with the rate of –

GST rate on Consultancy services attracts 18% of GST Rate. Consultancy can be of any kind related to healthcare, finance, investments etc. Though there are five slab rates, although consultancy services fall under 18% slab only.

NOTE- Other GST slabs for Consultancy Services are 0%, 5%, 12%, 18% and 28%.

The following are the rate cuts announced at the Council meeting:

Mobile phones and specified parts 12% 18%
Handmade matches 5% 12%
Other than handmade matches 18% 12%
Aircraft MRO (Maintenance, Repair, Overhaul) services 18% 5% (with full ITC)


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