Goods and Services Tax – GST Dated:- 20-9-2019 – News – The 37th GST Council met in Goa today under the Chairmanship of Union Finance Corporate Affairs Minister Smt Nirmala Sitharaman . The meeting was also attended by Union Minister of State for Finance Corporate Affairs Shri Anurag Thakur besides Chief Minister of Goa Shri Pramod Sawant, Finance Ministers of States UTs and seniors officers of the Ministry of Finance . GST Council took following decisions relating to changes in GST rates, ITC eligibility criteria, exemptions and clarifications on connected issues. (A) EXEMPTIONS / CHANGES IN GST RATES / ITC ELIGIBILITY CRITERI A: Rate reduction sector wise: Hospitality and tourism: To reduce the rate of GST on hotel accommodation service as below: – Transaction Value per
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ork such as in engineering industry, except supply of job work in relation to bus body building which would remain at 18%. Exemption sector wise: Warehousing: To exempt prospectivelyservices by way of storage or warehousing of cereals, pulses, fruits, nuts and vegetables, spices, copra, sugarcane, jaggery, raw vegetable fibres such as cotton, flax, jute etc., indigo, unmanufactured tobacco, betel leaves, tendu leaves, rice, coffee and tea. Transportation: To increase the validity of conditional exemption of GST on export freight by air or sea by another year, i.e. till 30.09.2020. Insurance: To exempt BANGLA SHASYA BIMA (BSB) crop insurance scheme of West Bengal Government. To exempt services of life insurance business provided or agreed to be provided by the
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cal studies) provided by Indian pharma companies to foreign service recipients, as the place of effective use and enjoyment of a service i.e. location of the service recipient. To clarify that the place of supply of chip design software R D services provided by Indian companies to foreign clients by using sample test kits in India is the location of the service recipient and section 13(3)(a) of IGST Act, 2017 is not applicable for determining the place of supply in such cases. Miscellaneous To allow the registered authors an option to pay GST on royalty charged from publishers under forward charge and observe regular GST compliance. To notify grant of liquor licence by State Governments against payment of license fee as a no supply to remove implementational ambiguity on the subject. To exempt services related to FIFA Under-17 Women's World Cup 2020 simil
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