Services provided by an incubatee up to a total turnover of fifty lakh rupees in a financial year subject to the following conditions, namely: - (a) the total turnover had not exceeded fifty lakh rupees during the preceding financial year; and (b) a period of three years has not elapsed from the date of entering into an agreement as an incubatee. — GST rate 0%

As per Notification 12/2017 (amended by 16/2025), services provided by an incubatee up to a total turnover of fifty lakh rupees in a financial year subject to the following conditions, namely: - (a) the total turnover had not exceeded fifty lakh rupees during the preceding financial year; and (b) a period of three years has not elapsed from the date of entering into an agreement as an incubatee. classified under SAC Heading 9981 attracts 0% GST effective 22 September 2025. On an intra-state supply this is charged as 0% CGST plus 0% SGST; on an inter-state supply the full 0% is charged as IGST. This rate applies subject to the condition: Subject to conditions (a) and (b) stated in the description.