Goods and Services Tax – Changes in GST – New crop insurance schemes Pradhan Mantri Fasal Bima Yojana (PMFBY) introduced from Kharif 201617 in place of National Agricultural Insurance Scheme (NAIS) an
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Goods and Services Tax – Changes in GST – Goods required by FIFA and Services provided by and to FIFA and its subsidiaries in connection with FIFA U17 World Cup to be hosted in India in 2017 shall be exempted from GST – TMI Updates – Highlights
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Goods and Services Tax – Changes in GST – To clarify that legal services (including representational services) provided by an individual advocate or a senior advocate or a firm of advocates (including
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Goods and Services Tax – Changes in GST – Partnership firm or a firm includes LLP ( Limited liability Partnership) for the purposes of levy (including exemption therefrom) of GST on legal services. – TMI Updates – Highlights
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Goods and Services Tax – Changes in GST – In case of small house-keeping service providers (plumbers/carpenters) providing services through Electronic Commerce Operators (ECO), liability to pay GST placed on ECO – TMI Updates – Highlights
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Changes in GST – Decisions taken on Services at 20th GST Council Meeting on 5 August, 2017 – Goods and Services Tax – GST – Dated:- 6-8-2017 – Decisions taken on Services at 20th GST Council Meeting on 5 August, 2017 – News – Press release
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Goods and Services Tax – Started By: – Sanjeev Jha – Dated:- 6-8-2017 Last Replied Date:- 6-8-2017 – We have canteen facility for staff & workers. Contract workers are availing canteen facility and charges Debit to the contractor. Please guide, whether GST applicable in such type of Dr. note ? – Reply By KASTURI SETHI – The Reply = Charges debit to contractor is consideration. GST is applicable. – Reply By HimansuSekhar Sha – The Reply = Correct view sir – Discussion-Forum – Knowledge Shari
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Goods and Services Tax – Started By: – N Balachandran – Dated:- 6-8-2017 Last Replied Date:- 9-8-2017 – Dear sir,Can u please clarify the contract for supply of pipes and laying for water supply project to TWAD & CMWSSB will attract GST @ 12% or !8%. if it is GST @ 12%, can we claim the refund of Excess Credit available ( Un utilised credit ) in this project. What is rate of GST applicable to Sub contractors who has been engaged for this project.As per recent decisions taken at 20th GST Council meeting held on 5th August 2017. Description of service From To Works contract services provided to Government, local authority or governmental authority and in respect of post-harvest storage infrastructure for agricultural produce, mechanized
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Goods and Services Tax – Started By: – pawan agrawal – Dated:- 6-8-2017 Last Replied Date:- 7-8-2017 – On 5th aug council meeting GSt reduced from 18% to 5% on Textiles job work related to man made yarn. I want to know whether GST RATE IS NOW 5% ON DYEING JOB OF MAN MADE YARN earlier it was 18%.AND what will be GST rate ON PACKING AND CHECKING JOB, CLIPPING JOB WORK ON TEXTILES. because these job mostly used labour to do work. – Reply By HimansuSekhar Sha – The Reply = Let us for the notification – Reply By KASTURI SETHI – The Reply = Job work of all kinds of textile is covered. – Reply By KASTURI SETHI – The Reply = My reply amended. Pl. read all kind of job work to textile. There are selected types of textile. – Reply By pawan agrawal –
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Goods and Services Tax – Started By: – pawan agrawal – Dated:- 5-8-2017 Last Replied Date:- 6-8-2017 – if we are doing tax audit of account of 2016-17 in aug 2017. can we give bill of audit after charging gst on audit bill. if yes then how will client show gst on audit fees in his account. Because audit provision has to be made in march 2017 balance sheet. then can he made audit provision with gst in march 2017 balance sheet. will he received input credit of GST on audit bill and how… – Reply By HimansuSekhar Sha – The Reply = You will give gst bill as the provision of service is during the gst period. They will take the credit . – Reply By HimansuSekhar Sha – The Reply = You will upload the gstr1 mentioning their gstin which will be sho
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GST then you have to charge GST only. According to Section 13 (2) of CGST Act, 2017 the time of supply of services shall be the earliest of the following dates, namely:- (a) the date of issue of invoice by the supplier, if the invoice is issued within the period prescribed under sub-section (2) of section 31 or the date of receipt of payment, whichever is earlier; or (b) the date of provision of service, if the invoice is not issued within the period prescribed under sub-section (2) of section 31 or the date of receipt of payment, whichever is earlier; or (c) the date on which the recipient shows the receipt of services in his books of account, in a case where the provisions of clause (a) or clause (b) do not apply: According to rule 47 of
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Goods and Services Tax – Started By: – Kannan A – Dated:- 5-8-2017 Last Replied Date:- 7-8-2017 – GST rate for room rate ₹ 1000 to 2500 is 12%. In the service apartments like 2 bhk apartment we provide at rate ₹ 1500 per day which ₹ 750 per room . Does GST would be applicable for it ?Some time we also provide 2 bhk for ₹ 2000 per day which is ₹ 1000 per room which is under GST.Please clarify. – Reply By HimansuSekhar Sha – The Reply = Please specify whether it is renting for residential purpose or otherwise. The former does not attract gst. – Reply By HimansuSekhar Sha – The Reply = If commercial it attracts gst. – Reply By Rohit Sharma – The Reply = Please clarify the definition and difference of Residential
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individual? in such a case there will be no GST since the rent collected from two different individuals is less than ₹ 1000/-. However if you rent it out to a family then you have to pay gst since the rent charged is ₹ 1000/-. This is true in the case of rent is on daily basis. If the rent is charged on monthly basis for a family then gst is exempted since the service provided is renting residential premises which is not chargeable to gst. – Reply By Kannan A – The Reply = Thank you Sir for the response.1. 2 BHK apartment is rented to one family only . Most of the times family stay for one month to 6 months depends on their need. I don't put rental agreement . Just collect the monthly rent. Kindly confirm this is exempted fr
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Goods and Services Tax – GST Rates – HSN Code – Sausages and similar products, of meat, meat offal or blood; food preparations based on these products fall under heading 1601 and attract 12% GST. – TMI Updates – Highlights
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Goods and Services Tax – GST Rates – HSN Code – Meat of sheep or goats (including mutton leg), fresh, chilled or frozen (other than frozen and put up in unit container) falling under heading 0204 is exempt from GST – TMI Updates – Highlights
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Goods and Services Tax – GST Rates – HSN Code – However, meat of sheep or goats (including mutton leg), frozen and put up in unit container, falling under heading 0204 attracts 12% GST.. – TMI Updates – Highlights
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Goods and Services Tax – GST Rates – HSN Code – Instant Coffee falls under heading 2101 and attracts 28% GST. – TMI Updates – Highlights
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Goods and Services Tax – GST Rates – HSN Code – Sterilisation pouches are different than aseptic packaging paper – Sterilisation pouches fall under heading 3005 and attract 12% GST – TMI Updates – Highlights
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Goods and Services Tax – GST Rates – HSN Code – Electric accumulators, including separators therefor, whether or not rectangular (including square) fall under heading 8507 and attract 28% GST. – TMI Updates – Highlights
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Goods and Services Tax – GST Rates – HSN Code – GST on Procurement of raw cotton – Where the supply of raw Cotton is by an agriculturist to a registered person, GST will have to be paid by such regist
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Goods and Services Tax – GST Rates – HSN Code – sugarcane procured by the sugar mills which is generally fresh and procured directly from the farm – Fresh or chilled sugarcane, falling under heading 1212, attracts Nil GST – TMI Updates – Highlights
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Goods and Services Tax – GST Rates – HSN Code – Hand Made Branded Biri – All biris attract 28% GST – In addition, handmade biris attract NCCD of Re, 1 per thousand. Machine made biris attract NCCD of
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Goods and Services Tax – GST Rates – HSN Code – Vegetables provisionally preserved (for example, by sulphur dioxide gas, in brine, in sulphur water or in other preservative solutions), but unsuitable
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Goods and Services Tax – GST Rates – HSN Code – Roasted grams fall under heading 2106 90 and attract 12% GST. – TMI Updates – Highlights
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Goods and Services Tax – GST Rates – HSN Code – NCCD Shall continue to be levied on tobacco and tobacco products at the rate as applicable prior to 1st July, 2017 – Since NCCD is a duty of excise, the
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Goods and Services Tax – GST Rates – HSN Code – ‘Khakhara’ (traditional food) – Khakhra falls under “Narnkeens. bhujia, mixture, and chabena and similar edible preparations in ready for consumption fo
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Goods and Services Tax – GST Rates – HSN Code – Raw and processed wood of Malaysia saal and Marandi wood – Wood in the rough, whether or not stripped of bark or sapwood or roughly squared, is Classifi
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