Sir/Madam,
1.what is the rate of tax on Charitable trust as if registered under 12AA of IT act??
2. what is rate of tax on college under GST??
4 Replies
Yogesh Gupta
(143 Points)
Replied 06 August 2019
tax rate according to supply of goods and rendering of services.
Shorya
(CA Article)
(105 Points)
Replied 06 August 2019
Charitable trusts registered under 12AA, are exempt from GST for activites "charitable" in nature. Any specific sale or service apart from activities for charitable purposes will attract GST.
Colleges if run by charitable trusts, are exempted from GST.
Colleges which offer courses recognized as "qualification' under Indian law, will be exempt from GST.
Shivam RC
(Student)
(23683 Points)
Replied 20 August 2019
Charitable Trust registered under Section 12AA of the Income Tax Act 1961 is EXEMPT from paying GST by virtue of Notification No. 12/2017-CT (RATE), dated 28.06.2017.
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