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In reference to topic: https://www.taxmanagementindia.com/visitor/detail_article.asp?ArticleID=6871 kw=service-tax-exemption-packaged-customized-software packaged software is exempt from service tax. The software I sell is packaged and downloadable so no custom duty is applicable. Is that also true in case of GST? Is only 5% VAT/GST now applicable from july 1? Thanks, Parth – Reply By Rama Krishana – The Reply = Information technology Software is exempt from service tax subject to

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Goods and Services Tax – Started By: – N Balachandran – Dated:- 20-5-2017 Last Replied Date:- 20-5-2017 – Sir,Can u please confirm the rate of GST applicable on Sewage and Water pipe line works being executed for Municipal and Water supply and Sewage board>RegardsN.Balachandran – Reply By Rama Krishana – The Reply = As per the exemption list as available after the conclusion of GST council meet dated 19-5-2017, no exemption to such activity is visible.Lest us wait for final notification. – R

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Goods and Services Tax – GST – Dated:- 20-5-2017 – Srinagar, May 19 (PTI) With companies indicating a possible rise in prices on the Goods and Services Tax rollout from July 1, the finance ministry today warned India Inc against raising rates arbitrarily in anticipation of the GST. The tax department may invoke the anti-profiteering clause after the mechanism is put in place and may look into balance sheet of companies if they have gained from the GST and whether the benefits have been passed on to consumers. The machinery for the anti-profiteering authority may not be ready at present but any change in prices will be called into questioned, Revenue Secretary Hasmukh Adhia said, adding that any fluctuations in prices will be closely monito

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Goods and Services Tax – GST – Dated:- 20-5-2017 – Updated as on 24-02-2019 GST Council meeting as on 24-2-2019 Recommendations of the 33rd GST Council meeting GST Council meeting as on 10-1-2019 Major Decisions taken by the GST Council in its 32nd Meeting held today under the Chairmanship of the Union Minister of Finance & Corporate Affairs, Shri Arun Jaitley Recommendations made during 32nd Meeting of the GST Council held on 10th January, 2019 GST Council meeting as on 22-12-2018 Recommendations made during 31st Meeting of the GST Council held on 22nd December, 2018 (New Delhi)-Rate changes Certain important issues referred by GST Council to various Committees / GoM Recommendations made during 31st Meeting of the GST Council Formatio

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e Group of Ministers on IT simplification Change in the shareholding pattern of GSTN 27th GST council meeting discusses change in GST rate for digital transactions and imposition of Sugar Cess GST Council meeting as on 10-3-2018 Recommendationsregarding Data Analytics made during the 26th meeting of the GST Council Recommendations regarding E-way Bill made during meeting of the GST Council Recommendations made during the 26th meeting of the GST Council held in New Delhi Today 26th Meeting of the GST Council meets & decides Extension of tax exemptions for exporters for six months GST Council meeting as on 18-1-2018 Press Release / FM's media briefing Policy Changes recommended by the 25th GST Council Meeting Recommendations for Chang

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Charge etc. GST Council meeting as on 9-9-2017 GST on certain services to be reduced from 18% to 12% and clarification relating to supply of services (satellite launch services) CHANGES in RATE ON CERTAIN GOODS and Revised Date Chart for GST Returns for the Month of July 2017 GST council meeting as on 6-8-2017 Decisions in regard to Services taken by the GST Council GST Council meeting as on 30-6-2017 Decision to reduce Tax Rate on Fertilizers from existing 12% to 5 % under GST GST Council meeting as on 18-6-2017 GST rates on Certain Services and GST rates on supply of lottery COMPOSITION LEVY AND GST RATE ON CERTAIN GOODS GST council meeting as on 11-6-2017 REVISED THRESHOLD LIMIT FOR COMPOSITION LEVY IGST Exemption under GST REVISED GST R

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Goods and Services Tax – Goods and services Tax – Rates of Tax for goods and Services – Schedule wise and item wise – TMI Updates – Highlights

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Goods and Services Tax – GST – Dated:- 20-5-2017 – Service Tax Exemptions to be continued in GST as decided by GST Council Sl. No. Services 1. Services by Government or a local authority excluding the following services- (i) services by the Department of Posts by way of speed post, express parcel post, life insurance, and agency services provided to a person other than Government; (ii) services in relation to an aircraft or a vessel, inside or outside the precincts of a port or an airport; (iii) transport of goods or passengers; or (iv) any service, other than services covered under clauses (i) to (iii) above, provided to business entities. 2. Services by the Reserve Bank of India 3. Services by a foreign diplomatic mission located in India 4. Services relating to cultivation of plants and rearing of all life forms of animals, except the rearing of horses, for food, fibre, fuel, raw material or other similar products or agricultural produce by way of- (i) agricultural operations direc

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stribution of electricity by an electricity transmission or distribution utility 7. Services by way of renting of residential dwelling for use as residence 8. Services by way of- (i) extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount (other than interest involved in credit card services); (ii) inter se sale or purchase of foreign currency amongst banks or authorised dealers of foreign exchange or amongst banks and such dealers; 9. Services by way of transportation of goods (i) by road except the services of- (a) a goods transportation agency; or (b) a courier agency; (ii) by inland waterways; 10. Services provided to the United Nations or a specified international organization. Exemption may be notified by way of issuing notification under section 55 of CGST/SGST Act. 11. Services provided by operators of the Common Bio-medical Waste Treatment Facility to a clinical establishment by way of treatment or disposal of bio-medi

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a business entity; or (iii) a business entity with a turnover up to rupees twenty lakh (ten lakh rupees in a special category state) in the preceding financial year; or (c) a senior advocate by way of legal services to- (i) any person other than a business entity; or (ii) a business entity up to rupees twenty lakh (ten lakh rupees in a special category state) in the preceding financial year; 16. Services provided,- (a) by an educational institution to its students, faculty and staff; (b) to an educational institution, by way of,- (i) transportation of students, faculty and staff; (ii) catering, including any mid-day meals scheme sponsored by the Government; (iii) security or cleaning or house-keeping services performed in such educational institution; (iv)services relating to admission to, or conduct of examination by, such institution; upto higher secondary. Provided that nothing contained in clause (b) of this entry shall apply to an educational institution other than an institution

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r (iii)theatre, if the consideration charged for such performance is not more than one lakh and fifty thousand rupees: Provided that the exemption shall not apply to service provided by such artist as a brand ambassador; 20. Services by way of collecting or providing news by an independent journalist, Press Trust of India or United News of India; 21. Services by way of giving on hire – (a) to a state transport undertaking, a motor vehicle meant to carry more than twelve passengers; or (b) to a goods transport agency, a means of transportation of goods; 22. Transport of passengers, with or without accompanied belongings, by – (a) air, embarking from or terminating in an airport located in the state of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, or Tripura or at Bagdogra located in West Bengal; (b) non-airconditioned contract carriage other than radio taxi, for transportation of passengers, excluding tourism, conducted tour, charter or hire; or (c) stage carr

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time being in force, to its own members by way of reimbursement of charges or share of contribution – as a trade union; for the provision of carrying out any activity which is exempt from the levy of GST; or up to an amount of five thousand rupees per month per member for sourcing of goods or services from a third person for the common use of its members in a housing society or a residential complex; 27. Services by an organiser to any person in respect of a business exhibition held outside India; 28. Services by way of slaughtering of animals; 29. Services received from a provider of service located in a non- taxable territory by – Government, a local authority, a governmental authority or an individual inrelation to any purpose other than commerce, industry or any other business or profession; an entity registered under section 12AA of the Income tax Act, 1961 (43 of 1961) for the purposes of providing charitable activities; or a person located in a non-taxable territory; Provided th

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Constitution. 35. Services received by the Reserve Bank of India, from outside India in relation to management of foreign exchange reserves; 36. Services provided by a tour operator to a foreign tourist in relation to a tour conducted wholly outside India. 37. Services by way of pre-conditioning, pre-cooling, ripening, waxing, retail packing, labelling of fruits and vegetables which do not change or alter the essential characteristics of the said fruits or vegetables; 38. Services by way of admission to a museum, national park, wildlife sanctuary, tiger reserve or zoo; 39. Services provided by Government or a local authority to a business entity with a turnover up to rupees twenty lakh (ten lakh rupees in a special category state) in the preceding financial year. Explanation.- For the purposes of this entry, it is hereby clarified that the provisions of this entry shall not be applicable to (a) services at S. No. 1 (i), (ii)and (iii); and (b) services by way of renting of immovable pr

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by Government or a local authority to another Government or local authority: Provided that nothing contained in this entry shall apply to services at S. No. 1 (i), (ii)and (iii) above 46. Services provided by Government or a local authority by way of issuance of passport, visa, driving licence, birth certificate or death certificate. 47. Services provided by Government or a local authority by way of tolerating non-performance of a contract for which consideration in the form of fines or liquidated damages is payable to the Government or the local authority under such contract; 48. Services provided by Government or a local authority by way of- (a) registration required under any law for the time being in force; (b) testing, calibration, safety check or certification relating to protection or safety of workers, consumers or public at large, including fire license, required under any law for the time being in force; 49. Services provided by Government or a local authority by way of assi

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ity to operate as a telecom service provider or use radiofrequency spectrum during the period prior to 1st April, 2016, on payment of licence fee or spectrum user charges, as the case may be; 53. Services provided by Government by way of deputing officers after office hours or on holidays for inspection or container stuffing or such other duties in relation to import export cargo on payment of Merchant Overtime charges (MOT). 54. Services by an acquiring bank, to any person in relation to settlement of an amount upto two thousand rupees in a single transaction transacted through credit card, debit card, charge card or other payment card service. Explanation. – For the purposes of this entry, acquiring bank means any banking company, financial institution including non-banking financial company or any other person, who makes the payment to any person who accepts such card 55. Services of leasing of assets (rolling stock assets including wagons, coaches, locos) by Indian Railways Finance

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gs to industrial units by way of granting long term (thirty years, or more) lease of industrial plots from so much of tax leviable thereon, as is leviable on the one time upfront amount (called as premium, salami, cost, price, development charges or by any other name) payable for such lease. 59. Services provided to the government by way of transport of passengers with or without accompanied belongings, by air, embarking from or terminating at a regional connectivity scheme airport, against consideration in the form of viability gap funding (VGF). Provided that nothing contained in this entry shall apply on or after the expiry of a period of 1 year from the date of commencement of operations of the regional connectivity scheme airport as notified by the Ministry of Civil Aviation 60. Services provided by cord blood banks by way of preservation of stem cells or any other service in relation to such preservation; 61. Services by way of training or coaching in recreational activities rela

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tiative (SDI) Scheme 64. Services provided by training providers (Project implementation agencies) under Deen Dayal Upadhyaya Grameen Kaushalya Yojana under the Ministry of Rural Development by way of offering skill or vocational training courses certified by National Council For Vocational Training. 65. Services by way of sponsorship of sporting events organised,- by a national sports federation, or its affiliated federations, where the participating teams or individuals represent any district, State, zone or Country; by Association of Indian Universities, Inter-University Sports Board, School Games Federation of India, All India Sports Council for the Deaf, Paralympic Committee of India or Special Olympics Bharat; by Central Civil Services Cultural and Sports Board; as part of national games, by Indian Olympic Association; or under Panchayat Yuva Kreeda Aur Khel Abhiyaan (PYKKA) Scheme; 66. Services provided by way of pure labour contracts of construction, erection, commissioning, in

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Modified National Agricultural Insurance Scheme, approved by the Government of India and implemented by the Ministry of Agriculture; (i)Jan Arogya Bima Policy; National Agricultural Insurance Scheme (Rashtriya Krishi Bima Yojana); Pilot Scheme on Seed Crop Insurance; Central Sector Scheme on Cattle Insurance; Universal Health Insurance Scheme; Rashtriya Swasthya Bima Yojana; or Coconut Palm Insurance Scheme; Pradhan Mantri Suraksha BimaYojna; Niramaya Health Insurance Scheme implemented by Trust constituted under the provisions of the National Trust for the Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities Act, 1999 (44 of 1999); or Any other insurance scheme of the State Government as may be notified by Government of India on the recommendation of GSTC. 69. Services of life insurance business provided under following schemes – Janashree Bima Yojana (JBY); or Aam Aadmi Bima Yojana (AABY); Life micro-insurance product as approved by the Insura

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enting of precincts of a religious place meant for general public, owned or managed by an entity registered as a charitable or religious trust under section 12AA of the Income-tax Act, 1961 (hereinafter referred to as the Income-tax Act), or a trust or an institution registered under sub clause (v) of clause (23C) of section 10 of the Income-tax Act or a body or an authority covered under clause (23BBA) of section 10 of the Income-tax Act: Provided that nothing contained in (b) of this exemption shall apply to,- renting of rooms where charges are ₹ 1000/- or more per day; renting of premises, community halls, kalyanmandapam or open area, etc where charges are ₹ 10,000/- or more per day; renting of shops or other spaces for business or commerce where charges are ₹ 10,000/-or more per month. 74. Services by a hotel, inn, guest house, club or campsite, by whatever name called, for residential or lodging purposes, having declared tariff of a unit of accommodation less tha

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c manure; newspaper or magazines registered with the Registrar of Newspapers; relief materials meant for victims of natural or man-made disasters, calamities, accidents or mishap; or(h) defence or military equipment s; 77. Services by the following persons in respective capacities – business facilitator or a business correspondent to a banking company with respect to accounts in its rural area branch; any person as an intermediary to a business facilitator or a business correspondent with respect to services mentioned in clause (g); or business facilitator or a business correspondent to an insurance company in a rural area; 78. Carrying out an intermediate production process as job work in relation to cultivation of plants and rearing of all life forms of animals, except the rearing of horses, for food, fibre, fuel, raw material or other similar products or agricultural produce; 79. Services by way of loading, unloading, packing, storage or warehousing of rice; 80. Services by way of r

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Goods and Services Tax – GST – Dated:- 20-5-2017 – The fitment of rates of services were discussed on 19 May 2017 during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for services at Nil, 5%, 12%, 18% and 28% as listed below. The information is being uploaded immediately after the GST Council s decision and it will be subject to further vetting during which the list may undergo some changes. The decisions of the GST Council are being communicated for general information and will be given effect to through gazette notifications which shall have force of law. Download PDF file Sl. No. DESCRIPTION OF SERVICES GST RATE 1. Transport of goods by rail 5% with ITC of input services 2. Transport of passengers by rail (other than sleeper class) 5% with ITC of input services 3. Services of goods transport agency (GTA) in relation to transportation of goods [other than used household goods for personal use] 5% No ITC 4. Services

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ts under Schedule II [5 (f)] by a scheduled airlines for scheduled operations 5% with ITC of input services 12. Selling of space for advertisement in print media 5% With Full ITC 13. Services by way of job work in relation to printing of newspapers; 5% With Full ITC 14. Transport of goods in containers by rail by any person other than Indian Railways 12% With Full ITC 15. Transport of passengers by air in other than economy class 12% With Full ITC 16. Supply of Food/drinks in restaurant not having facility of air-conditioning or central heating at any time during the year and not having licence to serve liquor. 12% With Full ITC 17. Renting of hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes having room tariff ₹ 1000 and above but less than ₹ 2500 per room per day 12% With Full ITC 18. Services provided by foreman of chit fund in relation to chit 12% with ITC of input services 19. Construction of a complex, bu

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f human consumption or any drink, in a premises (including hotel, convention center, club, pandal, shamiana or any other place, specially arranged for organizing a function) together with renting of such premises 18% With Full ITC 26. Services by way of admission or access to circus, Indian classical dance including folk dance, theatrical performance, drama 18% With Full ITC 27. Composite supply of Works contract as defined in clause 119 of section 2 of CGST Act 18% With Full ITC 28. Services by way of admission to entertainment events or access to amusement facilities including exhibition of cinematograph films, theme parks, water parks, joy rides, merry-go rounds, go-carting, casinos, race-course, ballet, any sporting event such as IPL and the like; 28% With Full ITC 29. Services provided by a race club by way of totalisator or a licensed bookmaker in such club; 28% With Full ITC 30. Gambling; 28% With Full ITC 31. Supply of Food/drinks in air-conditioned restaurant in 5-star or abov

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nsation cess as on supply of similar goods 35. Supply consisting of transfer of title in goods under an agreement which stipulates that property in goods shall pass at a future date upon payment of full consideration as agreed (supply of goods): value of leasing services shall be included in the value of goods supplied. GST and compensation cess as on supply of similar goods 36. All other services not specified elsewhere 18% With Full ITC Service Tax Exemptions to be continued in GST as decided by GST Council Sl. No. Services 1. Services by Government or a local authority excluding the following services- (i) services by the Department of Posts by way of speed post, express parcel post, life insurance, and agency services provided to a person other than Government; (ii) services in relation to an aircraft or a vessel, inside or outside the precincts of a port or an airport; (iii) transport of goods or passengers; or (iv) any service, other than services covered under clauses (i) to (ii

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to its use; (v) loading, unloading, packing, storage or warehousing of agricultural produce; (vi) agricultural extension services; (vii) services by any Agricultural Produce Marketing Committee or Board or services provided by a commission agent for sale or purchase of agricultural produce. 5. Service by way of access to a road or a bridge on payment of toll charges 6. Transmission or distribution of electricity by an electricity transmission or distribution utility 7. Services by way of renting of residential dwelling for use as residence 8. Services by way of- (i) extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount (other than interest involved in credit card services); (ii) inter se sale or purchase of foreign currency amongst banks or authorised dealers of foreign exchange or amongst banks and such dealers; 9. Services by way of transportation of goods (i) by road except the services of- (a) a goods transportation agen

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business entity; or (ii) a business entity with a turnover up to rupees twenty lakh (ten lakh rupees in a special category state) in the preceding financial year; (b) a partnership firm of advocates or an individual as an advocate other than a senior advocate, by way of legal services to- (i) an advocate or partnership firm of advocates providing legal services; (ii) any person other than a business entity; or (iii) a business entity with a turnover up to rupees twenty lakh (ten lakh rupees in a special category state) in the preceding financial year; or (c) a senior advocate by way of legal services to- (i) any person other than a business entity; or (ii) a business entity up to rupees twenty lakh (ten lakh rupees in a special category state) in the preceding financial year; 16. Services provided,- (a) by an educational institution to its students, faculty and staff; (b) to an educational institution, by way of,- (i) transportation of students, faculty and staff; (ii) catering, includ

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ve year integrated programme in Management. 18. Services provided to a recognized sports body by- (a) an individual as a player, referee, umpire, coach or team manager for participation in a sporting event organized by a recognized sports body; (b) another recognised sports body; 19. Services by an artist by way of a performance in folk or classical art forms of (i) music, or (ii)dance, or (iii)theatre, if the consideration charged for such performance is not more than one lakh and fifty thousand rupees: Provided that the exemption shall not apply to service provided by such artist as a brand ambassador; 20. Services by way of collecting or providing news by an independent journalist, Press Trust of India or United News of India; 21. Services by way of giving on hire – (a) to a state transport undertaking, a motor vehicle meant to carry more than twelve passengers; or (b) to a goods transport agency, a means of transportation of goods; 22. Transport of passengers, with or without accom

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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 been elapsedfrom the date of enteringinto an agreement as an incubatee; 26. Service by an unincorporated body or a non- profit entity registered under any law for the time being in force, to its own members by way of reimbursement of charges or share of contribution – (a) as a trade union; (b) for the provision of carrying out any activity which is exempt from the levy of GST; or (c) up to an amount of five thousand rupees per month per member for sourcing of goods or services from a third person for the common use of its members in a housing society or a residential complex; 27. Services by an organiser to any person in respect of a business exhibition held outside India; 28. Services by way of slaughtering of animals; 29. Services received from a provider

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ct, 1948 (34 of 1948); 32. Services by way of transfer of a going concern, as a whole or an independent part thereof; 33. Services by way of public conveniences such as provision of facilities of bathroom, washrooms, lavatories, urinal or toilets; 34. Services by government, local authority or governmental authority by way of any activity in relation to any function entrusted to a municipality under Article 243 W of the Constitution. 35. Services received by the Reserve Bank of India, from outside India in relation to management of foreign exchange reserves; 36. Services provided by a tour operator to a foreign tourist in relation to a tour conducted wholly outside India. 37. Services by way of pre-conditioning, pre-cooling, ripening, waxing, retail packing, labelling of fruits and vegetables which do not change or alter the essential characteristics of the said fruits or vegetables; 38. Services by way of admission to a museum, national park, wildlife sanctuary, tiger reserve or zoo;

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securities and to promote the development of, and to regulate, the securities market; 43. Services provided by National Centre for Cold Chain Development under Ministry of Agriculture, Cooperation and Farmer s Welfare by way of cold chain knowledge dissemination; 44. Services by way of transportation of goods by an aircraft from a place outside India upto the customs station of clearance in India. 45. Services provided by Government or a local authority to another Government or local authority: Provided that nothing contained in this entry shall apply to services at S. No. 1 (i), (ii)and (iii) above 46. Services provided by Government or a local authority by way of issuance of passport, visa, driving licence, birth certificate or death certificate. 47. Services provided by Government or a local authority by way of tolerating non-performance of a contract for which consideration in the form of fines or liquidated damages is payable to the Government or the local authority under such co

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ent of right to use any natural resource where such right to use was assigned by the Government or the local authority before the 1st April, 2016: Provided that the exemption shall apply only to service tax payable on one time charge payable, in full upfront or in installments, for assignment of right to use such natural resource; 52. Services provided by Government or a local authority by way of allowing a business entity to operate as a telecom service provider or use radiofrequency spectrum during the period prior to 1st April, 2016, on payment of licence fee or spectrum user charges, as the case may be; 53. Services provided by Government by way of deputing officers after office hours or on holidays for inspection or container stuffing or such other duties in relation to import export cargo on payment of Merchant Overtime charges (MOT). 54. Services by an acquiring bank, to any person in relation to settlement of an amount upto two thousand rupees in a single transaction transacted

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preneurship Park (STEP) recognized by the National Science and Technology Entrepreneurship Development Board (NSTEDB) of the Department of Science and Technology, Government of India or bio-incubators recognized by the Biotechnology Industry Research Assistance Council, under Department of Biotechnology, Government of India; 58. Taxable service provided by State Government Industrial Development Corporations/ Undertakings to industrial units by way of granting long term (thirty years, or more) lease of industrial plots from so much of tax leviable thereon, as is leviable on the one time upfront amount (called as premium, salami, cost, price, development charges or by any other name) payable for such lease. 59. Services provided to the government by way of transport of passengers with or without accompanied belongings, by air, embarking from or terminating at a regional connectivity scheme airport, against consideration in the form of viability gap funding (VGF). Provided that nothing c

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velopment Programme implemented by the National Skill Development Corporation; or (ii) a vocational skill development course under the National Skill Certification and Monetary Reward Scheme; or (iii) any other Scheme implemented by the National Skill Development Corporation. 63. Services of assessing bodies empanelled centrally by Directorate General of Training, Ministry of Skill Development and Entrepreneurship by way of assessments under Skill Development Initiative (SDI) Scheme 64. Services provided by training providers (Project implementation agencies) under Deen Dayal Upadhyaya Grameen Kaushalya Yojana under the Ministry of Rural Development by way of offering skill or vocational training courses certified by National Council For Vocational Training. 65. Services by way of sponsorship of sporting events organised,- (a) by a national sports federation, or its affiliated federations, where the participating teams or individuals represent any district, State, zone or Country; (b)

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of general insurance business provided under following schemes – (a) Hut Insurance Scheme; (b) Cattle Insurance under Swarnajaynti Gram Swarozgar Yojna (earlier known as Integrated Rural Development Programme); (c) Scheme for Insurance of Tribals; (d) Janata Personal Accident Policy and Gramin Accident Policy; (e) Group Personal Accident Policy for Self-Employed Women; (f) Agricultural Pumpset and Failed Well Insurance; (g) Premia collected on export credit insurance; (h) Weather Based Crop Insurance Scheme or the Modified National Agricultural Insurance Scheme, approved by the Government of India and implemented by the Ministry of Agriculture; (i) Jan Arogya Bima Policy; (j) National Agricultural Insurance Scheme (Rashtriya Krishi Bima Yojana); (k) Pilot Scheme on Seed Crop Insurance; (l) Central Sector Scheme on Cattle Insurance; (m) Universal Health Insurance Scheme; (n) Rashtriya Swasthya Bima Yojana; or (o) Coconut Palm Insurance Scheme; (p) Pradhan Mantri Suraksha BimaYojna; (q)

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under Atal Pension Yojana (APY). 71. Services by way of collection of contribution under any pension scheme of the State Governments. 72. Service of transportation of passengers, with or without accompanied belongings, by- (i) railways in a class other than- (A) first class; or (B) an air-conditioned coach; (ii) metro, monorail or tramway; (iii) inland waterways; (iv) public transport, other than predominantly for tourism purpose, in a vessel between places located in India; and (v) metered cabs or auto rickshaws (including E-rickshaws); 73. Services by a person by way of- (a) conduct of any religious ceremony; (b) renting of precincts of a religious place meant for general public, owned or managed by an entity registered as a charitable or religious trust under section 12AA of the Income-tax Act, 1961 (hereinafter referred to as the Income-tax Act), or a trust or an institution registered under sub clause (v) of clause (23C) of section 10 of the Income-tax Act or a body or an authorit

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of Newspapers; (d) railway equipments or materials; (e) agricultural produce; (f) milk, salt and food grain including flours, pulses and rice; and (g) organic manure 76. Services provided by a goods transport agency, by way of transport in a goods carriage of,- (a) agricultural produce; (b) goods, where gross amount charged for the transportation of goods on a consignment transported in a single carriage does not exceed one thousand five hundred rupees; (c) goods, where gross amount charged for transportation of all such goods for a single consignee does not exceed rupees seven hundred fifty; (d) milk, salt and food grain including flour, pulses and rice; (e) organic manure; (f) newspaper or magazines registered with the Registrar of Newspapers; (g) relief materials meant for victims of natural or man-made disasters, calamities, accidents or mishap; or (h) defence or military equipment s; 77. Services by the following persons in respective capacities – (a) business facilitator or a bu

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₹ 250 per person in (i), (ii) and (iii) above. 81. Services provided by Government or a local authority where the gross amount charged for such services does not exceed ₹ 5000/. Provided that nothing contained in this entry shall apply to services S. No. 1 (i), (ii)and (iii) above: Provided further that in case where continuous supply of service, as defined in sub-section (33) of section2 of the CGST Act, 2017, is provided by the Government or a local authority, the exemption shall apply only where the gross amount charged for such service does not exceed ₹ 5000/- in a financial year; [This may be continued by way of an omnibus threshold exemption from payment of GST under section 9 (4) of CGST/SGST Act in respect of supplies upto ₹ 10,000/-]. 82. (i) Health care services by a clinical establishment, an authorised medical practitioner or para-medics; (ii) Services provided by way of transportation of a patient in an ambulance, other than those specified in (i) a

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Goods and Services Tax – GST – Dated:- 20-5-2017 – PROPOSED NEW SCHEME OF CLASSIFICATION OF SERVICES Heading & Group Service Code (Tariff) Service Description Section 5 : Construction Services Heading No.9954 Construction services Group 99541 Construction services of buildings 995411 Construction services of single dwelling or multi dewlling or multi-storied residential buildings 995412 Construction services of other residential buildings such as old age homes, homeless shelters, hostels etc 995413 Construction services of industrial buildings such as buildings used for production activities (used for assembly line activities), workshops, storage buildings and other similar industrial buildings 995414 Construction services of commercial buildings such as office buildings, exhibition & marriage halls, malls, hotels, restaurants, airports, rail or road terminals, parking garages, petrol and service stations, theatres and other similar buildings. 995415 Construction services of o

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icity and communication cables & related works 995425 General construction services of mines and industrial plants 995426 General Construction services of Power Plants and its related infrastructure 995427 General construction services of outdoor sport and recreation facilities 995428 General construction services of other civil engineering works n.e.c. 995429 Services involving Repair, alterations, additions, replacements, renovation, maintenance or remodelling of the constructions covered above. Group 99543 Site preparation services 995431 Demolition services 995432 Site formation and clearance services including preparation services to make sites ready for subsequent construction work, test drilling & boring & core extraction, digging of trenches. 995433 Excavating and earthmoving services 995434 Water well drilling services and septic system installation services 995435 Other site preparation services n.e.c 995439 Services involving Repair, alterations, additions, repla

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r, alterations, additions, replacements, maintenance of the constructions covered above. Group 99546 Installation services 995461 Electrical installation services including Electrical wiring & fitting services, fire alarm installation services, burglar alarm system installation services. 995462 Water plumbing and drain laying services 995463 Heating, ventilation and air conditioning equipment installation services 995464 Gas fitting installation services 995465 Insulation services 995466 Lift and escalator installation services 995468 Other installation services n.e.c. 995469 Services involving Repair, alterations, additions, replacements, maintenance of the installations covered above. Group 99547 Building completion and finishing services 995471 Glazing services 995472 Plastering services 995473 Painting services 995474 Floor and wall tiling services 995475 Other floor laying, wall covering and wall papering services 995476 Joinery and carpentry services 995477 Fencing and railin

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ences 996322 Room or unit accommodation services provided by Hostels, Camps, Paying Guest etc 996329 Other room or unit accommodation services n.e.c. Group 99633 Food, edible preparations, alchoholic & non-alchocholic beverages serving services 996331 Services provided by Restaurants, Cafes and similar eating facilities including takeaway services, Room services and door delivery of food. 996332 Services provided by Hotels, INN, Guest House, Club etc including Room services, takeaway services and door delivery of food. 996333 Services provided in Canteen and other similar establishments 996334 Catering Services in Exhibition halls, Events, Marriage Halls and other outdoor/indoor functions. 996335 Catering services in trains, flights etc. 996336 Preparation and/or supply services of food, edible preparations, alchoholic & non-alchocholic beverages to airlines and other transportation operators 996337 Other contract food services 996339 Other food, edible preparations, alchoholic

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ce bus and coach services, stage carriage etc 996423 Taxi services including radio taxi & other similar services 996424 Coastal and transoceanic (overseas) water transport services of passengers by Ferries, Cruise Ships etc 996425 Domestic/International Scheduled Air transport services of passengers 996426 Domestic/international non-scheduled air transport services of Passengers 996427 Space transport services of passengers 996429 Other long-distance transportation services of passengers n.e.c. Heading No. 9965 Goods Transport Services Group 99651 Land transport services of Goods 996511 Road transport services of Goods including letters, parcels, live animals, household & office furniture, containers etc by refrigerator vehicles, trucks, trailers, man or animal drawn vehicles or any other vehicles. 996512 Railway transport services of Goods including letters, parcels, live animals, household & office furniture, intermodal containers, bulk cargo etc 996513 Transport services

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603 Rental services of aircraft including passenger aircrafts, freight aircrafts etc with or without operator 996609 Rental services of other transport vehicles n.e.c. with or without operator Heading No.9967 Supporting services in transport Group 99671 Cargo handling services 996711 Container handling services 996712 Customs House Agent services 996713 Clearing and forwarding services 996719 Other cargo and baggage handling services Group 99672 Storage and warehousing services 996721 Refrigerated storage services 996722 Bulk liquid or gas storage services 996729 Other storage and warehousing services Group 99673 Supporting services for railway transport 996731 Railway pushing or towing services 996739 Other supporting services for railway transport n.e.c. Group 99674 Supporting services for road transport 996741 Bus station services 996742 Operation services of National Highways, State Highways, Expressways, Roads & streets; bridges and tunnel operation services. 996743 Parking lo

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nsport services n.e.c Heading No. 9968 Postal and courier services Group 99681 Postal and courier services 996811 Postal services including post office counter services, mail box rental services. 996812 Courier services 996813 Local delivery services 996819 Other Delivery Services n.e.c Heading No. 9969 Electricity, gas, water and other distribution services Group 99691 Electricity and gas distribution services 996911 Electricity transmission services 996912 Electricity distribution services 996913 Gas distribution services Group 99692 Water distribution and other services 996921 Water distribution services 996922 Services involving distribution of steam, hot water and air conditioning supply etc. 996929 Other similar services. Section 7: Financial and related services; real estate services; and rental and leasing services Heading No. 9971 Financial and related services Group 99711 Financial services (except investment banking, insurance services and pension services) 997111 Central ba

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rine, aviation and other transport reinsurance ser 997145 services 997146 Freight reinsurance services 997147 Other property reinsurance services 997149 Other non-life reinsurance services Group 99715 Services auxiliary to financial services (other than to insurance and pensions) 997151 Services related to investment banking such as mergers & acquisition services, corporate finance & venture capital services 997152 Brokerage and related securities and commodities services including commodity exchange services 997153 Portfolio management services except pension funds 997154 Trust and custody services 997155 Services related to the administration of financial markets 997156 Financial consultancy services 997157 Foreign exchange services 997158 Financial transactions processing and clearing house services 997159 Other services auxiliary to financial services Group 99716 Services auxillary to insurance and pensions 997161 Insurance brokerage and agency services 997162 Insurance cla

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es on a fee/commission basis or contract basis 997224 Real estate appraisal services on a fee/commission basis or contract basis Heading no.9973 Leasing or rental services with or without operator Group 99731 Leasing or rental services concerning machinery and equipment with or without operator 997311 Leasing or rental services concerning transport equipments including containers, with or without operator 997312 Leasing or rental services concerning agricultural machinery and equipment with or without operator 997313 Leasing or rental services concerning construction machinery and equipment with or without operator 997314 Leasing or rental services concerning office machinery and equipment (except computers) with or without operator 997315 Leasing or rental services concerning computers with or without operators 997316 Leasing or rental services concerning telecommunications equipment with or without operator 997319 Leasing or rental services concerning other machinery and equipments w

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icensing services for the right to broadcast and show original films, sound recordings, radio and television programme etc. 997333 Licensing services for the right to reproduce original art works 997334 Licensing services for the right to reprint and copy manuscripts, books, journals and periodicals. 997335 Licensing services for the right to use R&D products 997336 Licensing services for the right to use trademarks and franchises 997337 Licensing services for the right to use minerals including its exploration and evaluation 997338 Licensing services for right to use other natural resources including telecommunication spectrum 997339 Licensing services for the right to use other intellectual property products and other rescources n.e.c Section 8 : Business and Production Services Heading no. 9981 Research and development services Group 99811 Research and experimental development services in natural sciences and engineering. 998111 Research and experimental development services in

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982 Legal and accounting services Group 99821 Legal services 998211 Legal advisory and representation services concerning criminal law. 998212 Legal advisory and representation services concerning other fields of law. 998213 Legal documentation and certification services concerning patents, copyrights and other intellectual property rights. 998214 Legal documentation and certification services concerning other documents. 998215 Arbitration and conciliation services 998216 Other legal services n.e.c. Group 99822 Accounting, auditing and bookkeeping services 998221 Financial auditing services 998222 Accounting and bookkeeping services 998223 Payroll services 998224 Other similar services n.e.c Group 99823 Tax consultancy and preparation services 998231 Corporate tax consulting and preparation services 998232 Individual tax preparation and planning services Group 99824 Insolvency and receivership services 998240 Insolvency and receivership services Heading no. 9983 Other professional, tec

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rban planning services 998326 Rural land planning services 998327 Project site master planning services 998328 Landscape architectural services and advisory services Group 99833 Engineering services 998331 Engineering advisory services 998332 Engineering services for building projects 998333 Engineering services for industrial and manufacturing projects 998334 Engineering services for transportation projects 998335 Engineering services for power projects 998336 Engineering services for telecommunications and broadcasting projects 998337 Engineering services for waste management projects (hazardous and non-hazardous), for water, sewerage and drainage projects. 998338 Engineering services for other projects n.e.c. 998339 Project management services for construction projects Group 99834 Scientific and other technical services 998341 Geological and geophysical consulting services 998342 Subsurface surveying services 998343 Mineral exploration and evaluation 998344 Surface surveying and map

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p; Videography and their processing services 998381 Portrait photography services 998382 Advertising and related photography services 998383 Event photography and event videography services 998384 Specialty photography services 998385 Restoration and retouching services of photography 998386 Photographic & videographic processing services 998387 Other Photography & Videography and their processing services n.e.c. Group 99839 Other professional, technical and business services. 998391 Specialty design services including interior design, fashion design, industrial design and other specialty design services 998392 Design originals 998393 Scientific and technical consulting services 998394 Original compilations of facts/information 998395 Translation and interpretation services 998396 Trademarks and franchises 998397 Sponsorship Services & Brand Promotion Services 998399 Other professional, technical and business services n.e.c. Heading no. 9984 Telecommunications, broadcasting

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998442 Services of independent journalists and press photographers 998443 News agency services to audiovisual media Group 99845 Library and archive services 998451 Library services 998452 Operation services of public archives including digital archives 998453 Operation services of historical archives including digital archives Group 99846 Broadcasting, programming and programme distribution services 998461 Radio broadcast originals 998462 Television broadcast originals 998463 Radio channel programmes 998464 Television channel programmes 998465 Broadcasting services 998466 Home programme distribution services Heading no. 9985 Support services Group 99851 Employment services including personnel search/referral service & labour supply service 998511 Executive/retained personnel search services 998512 Permanent placement services, other than executive search services 998513 Contract staffing services 998514 Temporary staffing services 998515 Long-term staffing (pay rolling) services 99

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8541 Parcel packing and gift wrapping 998542 Coin and currency packing services 998549 Other packaging services n.e.c Group 99855 Travel arrangement, tour operator and related services 998551 Reservation services for transportation 998552 Reservation services for accommodation, cruises and package tours 998553 Reservation services for convention centres, congress centres and exhibition halls 998554 Reservation services for event tickets, cinema halls, entertainment and recreational services and other reservation services 998555 Tour operator services 998556 Tourist guide services 998557 Tourism promotion and visitor information services 998559 Other travel arrangement and related services n.e.c Group 99859 Other support services 998591 Credit reporting & rating services 998592 Collection agency services 998593 Telephone-based support services 998594 Combined office administrative services 998595 Specialized office support services such as duplicating services, mailing services, doc

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tion 998633 Support services to water distribution 998634 Support services to Distribution services of steam, hot water and air-conditioning supply Heading no. 9987 Maintenance, repair and installation (except construction) services Group 99871 Maintenance and repair services of fabricated metal products, machinery and equipment 998711 Maintenance and repair services of fabricated metal products, except machinery and equipment. 998712 Maintenance and repair services of office and accounting machinery 998713 Maintenance and repair services of computers and peripheral equipment 998714 Maintenance and repair services of transport machinery and equipment 998715 Maintenance and repair services of electrical household appliances 998716 Maintenance and repair services of telecommunication equipments and apparatus 998717 Maintenance and repair services of commercial and industrial machinery. 998718 Maintenance and repair services of elevators and escalators 998719 Maintenance and repair servic

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ipment, and precision and optical instruments. 998736 Installation services of electrical machinery and apparatus n.e.c. 998739 Installation services of other goods n.e.c. Heading no. 9988 Manufacturing services on physical inputs (goods) owned by others Group 99881 Food, beverage and tobacco manufacturing services 998811 Meat processing services 998812 Fish processing services 998813 Fruit and vegetables processing services 998814 Vegetable and animal oil and fat manufacturing services 998815 Dairy product manufacturing services 998816 Other food product manufacturing services 998817 Prepared animal feeds manufacturing services 998818 Beverage manufacturing services 998819 Tobacco manufacturing services n.e.c. Group 99882 Textile, wearing apparel and leather manufacturing services 998821 Textile manufacturing services 998822 Wearing apparel manufacturing services 998823 Leather and leather product manufacturing services Group 99883 Wood and paper manufacturing services 998831 Wood and

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Computer, electronic and optical product manufacturing services 998875 Electrical equipment manufacturing services 998876 General-purpose machinery manufacturing services n.e.c. 998877 Special-purpose machinery manufacturing services Group 99888 Transport equipment manufacturing services 998881 Motor vehicle and trailer manufacturing services 998882 Other transport equipment manufacturing services Group 99889 Other manufacturing services 998891 Furniture manufacturing services 998892 Jewellery manufacturing services 998893 Imitation jewellery manufacturing services 998894 Musical instrument manufacturing services 998895 Sports goods manufacturing services 998896 Game and toy manufacturing services 998897 Medical and dental instrument and supply manufacturing services 998898 Other manufacturing services n.e.c. Heading no. 9989 Other manufacturing services; publishing, printing and reproduction services; materials recovery services Group 99891 Publishing, printing and reproduction servi

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s a whole; compulsory social security services Group 99911 Administrative services of the government 999111 Overall Government public services 999112 Public administrative services related to the provision of educational, health care, cultural and other social services, excluding social security service. 999113 Public administrative services related to the more efficient operation of business. 999119 Other administrative services of the government n.e.c. Group 99912 Public administrative services provided to the community as a whole 999121 Public administrative services related to external affairs, diplomatic and consular services abroad. 999122 Services related to foreign economic aid 999123 Services related to foreign military aid 999124 Military defence services 999125 Civil defence services 999126 Police and fire protection services 999127 Public administrative services related to law courts 999128 Administrative services related to the detention or rehabilitation of criminals. 999

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r education services, general 999242 Higher education services, technical 999243 Higher education services, vocational 999249 Other higher education services Group 99925 Specialised education services 999259 Specialised education services Group 99929 Other education & training services and educational support services 999291 Cultural education services 999292 Sports and recreation education services 999293 Commercial training and coaching services 999294 Other education and training services n.e.c. 999295 services involving conduct of examination for admission to educational institutions 999299 Other Educational support services Heading no. 9993 Human health and social care services Group 99931 Human health services 999311 Inpatient services 999312 Medical and dental services 999313 Childbirth and related services 999314 Nursing and Physiotherapeutic services 999315 Ambulance services 999316 Medical Laboratory and Diagnostic-imaging services 999317 Blood, sperm and organ bank servi

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999351 Child day-care services 999352 Guidance and counseling services n.e.c. related to children 999353 Welfare services without accommodation 999359 Other social services without accommodation n.e.c. Heading no.9994 Sewage and waste collection, treatment and disposal and other environmental protection services Group 99941 Sewerage, sewage treatment and septic tank cleaning services 999411 Sewerage and sewage treatment services 999412 Septic tank emptying and cleaning services Group 99942 Waste collection services 999421 Collection services of hazardous waste 999422 Collection services of non-hazardous recyclable materials 999423 General waste collection services, residential 999424 General waste collection services, other n.e.c. Group 99943 Waste treatment and disposal services 999431 Waste preparation, consolidation and storage services 999432 Hazardous waste treatment and disposal services 999433 Non-hazardous waste treatment and disposal services Group 99944 Remediation services

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l associations 999595 Services furnished by environmental advocacy groups 999596 Services provided by youth associations 999597 Other civic and social organizations 999598 Home owners associations 999599 Services provided by other membership organizations n.e.c. Heading No.9996 Recreational, cultural and sporting services Group 99961 Audiovisual and related services 999611 Sound recording services 999612 Motion picture, videotape, television and radio programme production services 999613 Audiovisual post-production services 999614 Motion picture, videotape and television programme distribution services 999615 Motion picture projection services Group 99962 Performing arts and other live entertainment event presentation and promotion services 999621 Performing arts event promotion and organization services 999622 Performing arts event production and presentation services 999623 Performing arts facility operation services 999629 Other performing arts and live entertainment services n.e.c.

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ent and recreational services 999691 Amusement park and similar attraction services 999692 Gambling and betting services including similar online services 999693 Coin-operated amusement machine services 999694 Lottery services 999699 Other recreation and amusement services n.e.c. Heading No.9997 Other services Group 99971 Washing, cleaning and dyeing services 999711 Coin-operated laundry services 999712 Dry-cleaning services (including fur product cleaning services) 999713 Other textile cleaning services 999714 Pressing services 999715 Dyeing and colouring services 999719 Other washing, cleaning and dyeing services n.e.c Group 99972 Beauty and physical well-being services 999721 Hairdressing and barbers services 999722 Cosmetic treatment (including cosmetic/plastic surgery), manicuring and pedicuring services 999723 Physical well-being services including health club & fitness centre 999729 Other beauty treatment services n.e.c. Group 99973 Funeral, cremation and undertaking service

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Goods and Services Tax – GST – Dated:- 20-5-2017 – The fitment of rates of services were discussed on 19 May 2017 during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for services at Nil, 5%, 12%, 18% and 28%. The list of services that will be under reverse charge as approved by the GST Council is given below. The information is being uploaded immediately after the GST Council s decision and it will be subject to further vetting during which the list may undergo some changes. The decisions of the GST Council are being communicated for general information and will be given effect to through gazette notifications which shall have force of law. Download PDF file Original pro

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) any factory registered under or governed by the Factories Act, 1948; (b) any society registered under the Societies Registration Act, 1860 or under any other law for the time being in force in any part of India; (c) any co-operative society established by or under any law; (d) any person registered under CGST/SGST/UTGST Act; (e) any body corporate established, by or under any law; or (f) any partnership firm whether registered or not under any law including association of persons. (g) Casual taxable person 100% 3. Services provided or agreed to be provided by an individual advocate or firm of advocates by way of legal services, directly or indirectly An individual advocate or firm of advocates Nil Any business entity. 100% 4. Services pro

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eed to be provided by a director of a company or a body corporate to the said company or the body corporate; A director of a company or a body corporate Nil A company or a body corporate. 100% 9. Services provided or agreed to be provided by an insurance agent to any person carrying on insurance business An insurance agent Nil Any person carrying on insurance business. 100% 10. Services provided or agreed to be provided by a recovery agent to a banking company or a financial institution or a non-banking financial company A recovery agent Nil A banking company or a financial institution or a non-banking financial company. 100% 11. Services by way of transportation of goods by a vessel from a place outside India up to the customs station of c

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Goods and Services Tax – Started By: – Sundar C – Dated:- 20-5-2017 Last Replied Date:- 20-5-2017 – Dear sirA Person sitting in india who is rendering services to companies outside India. They don't have establishment in India.The person creates business oppurtunies for them . Transaction happens betweenIndian customer and outside Indian companies. For the service rendered, the companies will pay fee for the person . Whether this comes under Gst and if so what is the percentage of gst appli

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Goods and Services Tax – Started By: – AKBAR BASHA – Dated:- 20-5-2017 Last Replied Date:- 30-12-1899 – SIR GOODMORNING,PLEASE NOTE WE ARE FOOTWEAR MANUFACTURING AT PRESENT WE AVAIL 9.5% PERCENTAGE OF DRAWBACK ON OUR EXPORT PROVIDED WE DONOT AVAIL THE INPUT CREDIT OF EXCISE AND SERVICE TAX BUT WE AVAIL THE CREDIT OF VAT AND GET REFUND .NOW ALL THIS THREE EXCISE ,SERVICE TAX AND SALES TAX ARE MERGED INTO GST, HOW WILL THE DRAWBACK WILL BE ISSUED ? FYKI AT PRESENT WE RECEIVE 9.5% DRAWBACK AND 1%

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Goods and Services Tax – GST – By: – Bimal jain – Dated:- 20-5-2017 Last Replied Date:- 22-5-2017 – Dear Professional Colleague, Rate fitments on Day 1 of 14th GST Council Meeting In Srinagar, the all-powerful GST Council headed by the Hon ble Finance Minister, Mr. Arun Jaitley met for the fourteenth time to finalise the nuts and bolts of the new GST tax framework. This meeting is paving the way for India to join select League of Nations with a GST rollout from July 1, 2017 as envisaged. With the conclusion of the day one of the 14th GST Council meet on May 18, 2017, the gist of the key takeaways from the meeting of the GST Council are as under: Approval to 7 Draft GST Rules & 2 Draft GST Rules sent for legal vetting: The GST Council has given its approval to 7 sets of Draft Rules dealing with Registration, Payment, Refund, Invoice, Debit & Credit Note, Input Tax Credit, Valuation and Composition. Two Draft GST Rules on Transition provisions and Returns have been sent for lega

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xempt 14% 5% 17% 12% 43% 18% 19% 28% Glimpse of GST Rate Schedule for Goods is given as under for easy digests: Nil Rate (0%): No tax will be imposed on items like fresh meat, fish chicken, eggs, milk, butter milk, curd, natural honey, fresh fruits and vegetables, flour, besan, bread, prasad, salt, bindi, Sindoor, stamps, judicial papers, printed books, newspapers, bangles, handloom etc. 5% Rate: Items such as fish fillet, cream, skimmed milk powder, branded paneer, frozen vegetables, coffee (except instant coffee), tea, spices, pizza bread, rusk, sabudana, kerosene, coal (tax under the existing system is 11.69%), medicines, stent, lifeboats will attract tax of 5%. 12% Rate: Frozen meat products , butter, cheese, ghee, dry fruits in packaged form, animal fat, sausage, fruit juices, Bhujia, namkeen, Ayurvedic medicines, tooth powder, agarbatti, colouring books, picture books, umbrella, sewing machine, and cellphones will be taxable at 12%. 18% Rate: Most of the items will fall 18% tax s

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Council has broadly approved the rates of GST Compensation Cess to be levied on certain goods such as Pan Masala, Aerated water, Tobacco and Tobacco Product, Cigarettes, Motor Vehicles etc. GST Compensation Cess Rates for different supplies has been uploaded immediately after the GST Council s decision and however, it is also subject to further vetting during which the list may undergo some changes. A cess of 204% has been proposed for pan masala containing tobacco Gutkha , cigarettes not exceeding 65 mm will attract a cess of 5% plus ₹ 1,591 per thousand. Further, small petrol cars with an engine capacity of less than 1200 cc will attract 1% cess, and those with a diesel engine capacity of less than 1500 cc will attract 3% cess. Large cars with an engine capacity greater than 1500 cc, and SUVs with a length of more than 4 m and engine capacity greater than 1500 cc, will attract a cess of 15%. Motorcycles with an engine capacity of more than 350 cc will attract 3% cess and an eq

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x fitment for categories of services will be taken up for discussion today and if not able to conclude today, the GST Council will meet once again in order to clear all the cloud. Our Comments: From the recent series of events that out of 9 Draft Rules, 7 Draft Rules were finalized & remaining 2 sets of Draft Rules sent for legal vetting and nod to tax fitment of majority of items, it seems that the Government is very keen to implement the tax reform from July 1, 2017. As an attempt to keep check on inflation, the tax on goods falling in Consumer Price Index basket like cereals has been kept on lower side. Nonetheless, the rates to be decided for services sector, which contributes majorly to the GDP of the Country, will play a pivotal role in determining overall impact on inflation. Source: Economic Times, Indian Express etc., and video capturing the press conference of Mr. Arun Jaitley after 14th GST Council Meet ends Hope the information will assist you in your Professional endea

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Goods and Services Tax – GST – Dated:- 19-5-2017 – Srinagar, May 19 (PTI) Motorcycles of more than 350 cc engine capacity will attract a total of 31 per cent tax under the GST regime, same as the tax incidence on private aircraft and luxury yachts. According to the rate structure finalised by the GST Council here, all cars, buses, trucks and motorcycles including moped as well as personal aircraft and luxury yachts will attract a peak Goods and Services Tax (GST) of 28 per cent. All classes of cars and SUVs as well as motorcycles of more than 350 cc engine capacity will also attract an additional cess. The cess for motorcycles with more than 350 cc engine has been kept at 3 per cent, taking the total incidence of taxation to 31 per cent. T

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greed to impose cess on demerit and luxury goods under the GST regime, over and above the peak tax rate of 28 per cent. On tobacco, the cess will vary from 71-204 per cent. Also, scented zarda and filter khaini will attract 160 per cent cess, while for pan masala gutkha it would be 204 per cent. Filter and non-filter cigarettes not exceeding 65 mm will attract cess of 5 per cent plus ₹ 1,591 per 1,000 sticks. Non-filter cigarettes exceeding 65 mm but not exceeding 70 mm will attract cess of 5 per cent plus ₹ 2,876, while that for filter cigarettes the levy is 5 per cent plus ₹ 2,126 per thousand sticks. For cigars, a hefty levy of 21 per cent or ₹ 4,170 per 1,000 sticks, whichever is higher, would be levied. Branded

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Goods and Services Tax – GST – Dated:- 19-5-2017 – Mumbai, May 19 (PTI) Benchmark Sensex gained 30 points to end at 30,464 today as FMCG stocks rallied after the GST Council finalised tax rates for bulk of the goods. Nifty, however, finished a shade lower. The BSE Sensex resumed higher and hit its all-time high of 30,712.35 (intra-day), the fourth in five sessions, but later eased to a low of 30,338.52 before settling 30.13 points, or 0.10 per cent higher at 30,464.92. The broader 50-share NSE

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Rate of tax – Goods and Services Tax – Started By: – Aitha RajyaLakshmi – Dated:- 19-5-2017 Last Replied Date:- 20-5-2017 – Sir,Is there any link or website where we can get the list of commodities an

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For the purposes of this Chapter: Explanation – Final Rules (Draft) – Determination of Value of Supply – GST – Determination of Value of Supply – Final Draft Rules 18-5-2017 – Explanation – Explanation.- For the purposes of this Chapter,- (a) open market value of a supply of goods or services or both means the full value in money, excluding the integrated tax, central tax, State tax, Union territory tax and the cess payable by a person in a transaction, where the supplier and the reci

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Rule 9 – Final Rules (Draft) – Determination of Value of Supply – GST – Determination of Value of Supply – Final Draft Rules 18-5-2017 – Rule 9 – 9. Value of supply inclusive of integrated tax, central tax, State tax, Union territory tax Where the value of supply is inclusive of integrated tax or, as the case may be, central tax, State tax, Union territory tax, the tax amount shall be determined in the following manner, Tax amount= Value inclusive of taxes X tax rate in %

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Goods and Services Tax – GST – Dated:- 19-5-2017 – The 14th Goods and Services Tax (GST) Council Meeting, chaired by the Union Minister of Finance Shri Arun Jaitley, was held at Srinagar, Jammu and Kashmir yesterday. The fitment of rates of goods were discussed during the Council meeting. The Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. The Council has also broadly approved the rates of GST Compensation Cess to be levied o

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Rule 10 – Final Rules (Draft) – TAX INVOICE, CREDIT AND DEBIT NOTES – GST – TAX INVOICE, CREDIT AND DEBIT NOTES – Final Draft Rules 18-5-2017 – Rule 10 – 10. Transportation of goods without issue of invoice (1) For the purposes of (a) supply of liquid gas where the quantity at the time of removal from the place of business of the supplier is not known, (b) transportation of goods for job work, (c) transportation of goods for reasons other than by way of supply, or (d) such other supplies as may be notified by the Board, the consigner may issue a delivery challan, serially numbered not exceeding sixteen characters, in one or multiple series, in lieu of invoice at the time of removal of goods for transportation, containing the following deta

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copy being marked as DUPLICATE FOR TRANSPORTER; and (c) the triplicate copy being marked as TRIPLICATE FOR CONSIGNOR. (3) Where goods are being transported on a delivery challan in lieu of invoice, the same shall be declared in FORM [WAYBILL]. (4) Where the goods being transported are for the purpose of supply to the recipient but the tax invoice could not be issued at the time of removal of goods for the purpose of supply, the supplier shall issue a tax invoice after delivery of goods. (5) Where the goods are being transported in a semi knocked down or completely knocked down condition, (a) the supplier shall issue the complete invoice before dispatch of the first consignment; (b) (b) the supplier shall issue a delivery challan for each o

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Rule 9 – Final Rules (Draft) – TAX INVOICE, CREDIT AND DEBIT NOTES – GST – TAX INVOICE, CREDIT AND DEBIT NOTES – Final Draft Rules 18-5-2017 – Rule 9 – 9. Tax invoice in special cases (1) An ISD invoice or, as the case may be, an ISD credit note issued by an Input Service Distributor shall contain the following details:- (a) name, address and GSTIN of the Input Service Distributor; (b) a consecutive serial number not exceeding sixteen characters, in one or multiple series, containing alphabets or numerals or special characters hyphen or dash and slash symbolised as , – , / , respectively, and any combination thereof, unique for a financial year; (c) date of its issue; (d) name, address and GSTIN of the recipient to whom the credit is distr

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ade available, physically or electronically whether or not serially numbered, and whether or not containing the address of the recipient of taxable service but containing other information as prescribed under rule 1. (3) Where the supplier of taxable service is a goods transport agency supplying services in relation to transportation of goods by road in a goods carriage, the said supplier shall issue a tax invoice or any other document in lieu thereof, by whatever name called, containing the gross weight of the consignment, name of the consignor and the consignee, registration number of goods carriage in which the goods are transported, details of goods transported, details of place of origin and destination, GSTIN of the person liable for

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Goods and Services Tax – GST – Dated:- 19-5-2017 – New Delhi, May 18 (PTI) Consumers stand to gain from the GST rates announced for daily consumption items which will also help keeping a check on prices, Consumer Affairs Minister Ram Vilas Paswan said today. FMCG firms Dabur and Emami welcomed the rates on commonly used consumer items stating it would be beneficial but said more clarity is needed to understand overall impact. The move will benefit consumers at large as they will pay less. Free movement of goods will ensure easy availability and keep prices under check, Paswan told PTI. On the first day of a two-day meeting of the GST Council, headed by Union Finance Minister Arun Jaitley, it has been decided that commonly used products lik

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Goods and Services Tax – GST Rates for Supply of Goods – TMI Updates – Highlights

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News and Press Release – Dated:- 19-5-2017 – GST RATE SCHEDULE FOR GOODS [As per discussions in the GST Council Meeting held on 18th May, 2017] The fitment of rates of goods were discussed today during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. The information was uploaded immediately after the GST Council s decision as on 18-5-2017 and it will be su

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GST Compensation Cess Rates for different supplies [As per discussions in the GST Council Meeting held on 18th May, 2017] – Goods and Services Tax – GST – Dated:- 19-5-2017 – The fitment of rates of goods were discussed today during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the rates of GST Compensation Cess to be levied on certain goods. The information is being uploaded immediately after the GST Council s decision and it will be subject to further vetting during which the list may undergo some changes. S. No. Description of supply Tariff item, heading, sub-heading, Chapter, of goods or service, as the case may be Rate for GST Compensation Cess (1) (2) (3) (4) 1. Pan Masala 2106 90

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nd 15. Exceeding 65 mm but not 70 mm 2402 20 20 5% + ₹ 2876 per thousand 16. Filter 17. Not exceeding 65 mm 2402 20 30 5% + ₹ 1591 per thousand 18. Exceeding 65 mm but not 70 mm 2402 20 40 5% + ₹ 2126 per thousand 19. Exceeding 70 mm but not 75 mm 2402 20 50 5% + ₹ 2876 per thousand 20. Others 2402 20 90 5% + ₹ 4170 per thousand Other tobacco products 21. Cigar and cheroots 2402 10 10 21% or ₹ 4170 per thousand, whichever is higher 22. Cigarillos 2402 10 20 21% or ₹ 4170 per thousand, whichever is higher 23. Cigarettes of tobacco substitutes 2402 90 10 Rs.4006 per thousand 24. Cigarillos of tobacco substitutes 2402 90 20 12.5% or ₹ 4,006 per thousand whichever is higher 25. Other 2402 90 90 12

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50 72% 36. Tobacco extracts and essence bearing a brand name 2403 99 60 72% 37. Tobacco extracts and essence not bearing a brand name 2403 99 60 65% 38. Cut tobacco 2403 99 70 20% 39. All goods, other than pan masala containing tobacco 'gutkha', bearing a brand name 2403 99 90 96% 40. All goods, other than pan masala containing tobacco 'gutkha', not bearing a brand name 2403 99 90 89% Others 41. Coal; briquettes, ovoids and similar solid fuels manufactured from coal. 2701 Rs.400 per tonne 42. Lignite, whether or not agglomerated, excluding jet 2702 Rs.400 per tonne 43. Peat (including peat litter), whether or not agglomerated 2703 Rs.400 per tonne Motor Vehicles 44. Motor vehicles (10<persons <13) 8702 15% 45. Small C

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