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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