- A 5% GST without input tax credit will be mandatory for salons, gyms, spas, and yoga classes from September 22, as per the CBIC. The previous option of 18% GST with input tax credit is no longer available. This change aims to reduce the tax burden on consumers, though businesses will lose the ability to claim input credit.
Source: a2ztaxcorp.net
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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