GST On Marketing Services

In normal course of business Marketing services means promotion of services , produced etc by a business to its clients. Marketing services include Audio , Visual activities etc. Such as Television , Radio , Digital Marketing, Social Media Marketing etc. GST on Marketing services is applicable. Generally marketing service are officer by business to customer and from business to business. All type of industry uses marketing services. SAC Code on Marketing services is 998371 ,998372,998311. GST Rate on marketing services is 18 %. For Marketing services provider need to do GST Registration , pay gst , file GST return etc is mandatory after crossing turnover of twenty lac. GST Law provide SAC code for this services.

Applicability of Registration for GST Marketing Services

Section 22 to 25 specifies the persons who are liable to obtain GST Registration.
Every person who is engaged in supply of goods or rendering of services or both will be liable to be registered under the GST if

1. Aggregate Turnover in a financial year of taxable supply of goods or services exceeds Rs. 20 Lac or
2. Aggregate Turnover in a financial year of taxable supply of goods or services exceeds Rs. 10 Lac if person is located at North Eastern        area ( Manipur , Arunachal Pradesh , Nagaland , Meghalaya , Assam , Tripura & Mizoram , Sikkim , Jammu & Kashmir , Himachal
   Pradesh & Uttarakhand )

Rate of GST On Marketing Services

Below is rate of GST On Marketing Services

Example : –

1. XYZ Ltd is a adverting Company service provider who provide digital media advertising of Facebook , Twitter etc. to DD LTD for Rs. 10000/- per month. GST Rate on such advertisement services shall be 18 %.

Input Tax GST credit on Marketing services

The supplier of marketing services are eligible to avail input GST credit.

For taking credit GST registration is mandatory.

Such credit availment is subject to conditions mentioned in the Act.

Composition Scheme

The provisions of composition scheme are not available on marketing services provider. Hence they are not eligible to apply for gst registration under composition scheme.

GST Payment due date

SAC Code for Marketing Services