Supply of educational books is exempt from GST. ITC paid will become your cost.
we are an advertising firm and one of our clients is a publisher. we get textbooks for lkg, ukg printed from a printer and supply the same to the publisher. my question is: will this textbook supply to Publisher from an Advertising Agency be at nil rate wrt gst? if it is nil rate then can i claim itc from the printer's invoice raised on my advertising firm? if it is not nil rate then what percentage of gst do we charge and what will be the hsn code applicable Kindly advice.
Hi,
Educational books are exempt from the purview of GST. ITC will be your cost and you will not be able to claim the same.
Regards,
Nikh.
Thanks for your Inputs. However, please note I am an Advertising Agency and do not own the content/textbook. I design, get it printed and supply to Publisher. So I do not charge any GST to the publisher? Is there any notification issued that I can refer.
If possible please share copy of invoice at .com