Prefabricated Buildings and Portable Toilets Fall Under HSN Code 9406 with an 18% GST Rate.
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GST
GST Rates – HSN Code – Prefabricated buildings, including portable and mobile toilets, fal
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Cotton seed oil cakes have 0% GST for aquatic, poultry, and cattle feed; 5% GST for other uses.
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GST
GST Rates – HSN Code – Cotton seed oil cakes for use as aquatic feed including shrimp
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Fresh Betel Nuts Have Nil GST; Dried Betel Nuts Attract 5% GST Under HSN Code 0802.
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GST
GST Rates – HSN Code – Fresh areca nut / betel nuts fall under heading 0802 and attract Nil GST –
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Marble Articles, Including Figurines, Fall Under Heading 6802 with 28% GST Rate.
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GST
GST Rates – HSN Code – Articles of marble [including those made of marble powder, stone and unsaturat
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5% GST Rate Applies to Specified Fabrics, Including Cut Pieces for Pants and Shirts, Regardless of Form.
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GST
GST Rates – HSN Code – Fabric 1.2 MT cut for pant and 2.5 MT cut for a shirt?
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Export Incentive Licenses MEIS, SEIS, IEIS Classified Under HSN Code 4907 with 12% GST Rate.
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GST
GST Rates – HSN Code – sale of Export Incentives Licences like MEIS, SEIS and IEIS – MEIS
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Dog and Cat Foods Taxed at 18% GST Under Heading 2309, According to Residual Entry S. No. 453.
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GST
GST Rates – HSN Code – Dog or cat foods fall under heading 2309 and attracts 18% GST un
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Wet Dates Classified Under Heading 0804, Subject to 12% GST Rate According to Tax Regulations.
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GST
GST Rates – HSN Code – Wet dates fall under heading 0804 and attract 12% GST.
TMI U
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Nail Polish, Any Size or Quantity, Falls Under GST Heading 3304 with a 28% Tax Rate.
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GST
GST Rates – HSN Code – Nail Polish [whether in large quantities say 50 to 100 litres or in retail
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Nil GST on Puja Samagri and Kalava Rakhis; Other Rakhis Taxed Based on Material Composition.
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GST
GST Rates – HSN Code – Puja samagri, including kalava (raksha sutra) attracts Nil GST. –
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GST Rates: Soaps and Organic Products at 18%, Except Sub-heading 3401 30 and Heading 3402 at 28.
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GST
GST Rates – HSN Code – Soaps; organic surface active products and preparations for use and soaps, in form of bars, cakes, moulded pieces or shapes falling under heading 3401 [except 3401 30] attract 18% GST. – Other organic surface active products and preparations falling under sub-heading 3401 30 and organic surface active agents and preparations falling under heading 3402 attract
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Water Filters and Purifiers Classified Under Heading 8421, Subject to 18% GST Rate.
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GST
GST Rates – HSN Code – Filters or Water Purifiers fall under heading 8421 and attract 18% GST.
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Silk, cotton, and manmade filament sarees and dhotis taxed at 5% GST under specific HSN codes.
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GST
GST Rates – HSN Code – Sarees and dhoti – of Silk, Woven fabrics of silk sarees (HSN co
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Zero Percent GST on Maize Seed Quality Classified Under Heading 1005.
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GST
GST Rates – HSN Code – Maize [of seed quality] fall under heading 1005 and attract Nil GST.
TMI Updates – Hi
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Idli Dosa Batter classified under HSN 2106, attracts 18% GST as a food mix.
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GST
GST Rates – HSN Code – Idli Dosa Batter (Wet Flour) [as food mixes] falls under heading 2106 and attracts
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Iron/Steel Structures Under HSN 7308, Aluminum Under 7610; Both Attract 18% GST, Including Solar Panel Mounts.
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GST
GST Rates – HSN Code – Structures of iron or steel fall under heading 7
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Kulfi Falls Under HSN Heading 2105, Subject to 18% GST Rate.
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GST
GST Rates – HSN Code – Kulfi is classifiable under heading 2105 and attracts 18% GST.
TMI Updates – Highlights, quick notes, marquee, annotation, news, alerts
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Lac Bangles Taxed at 3% GST Under Heading 7117: Jewelry Classification Update. = = = = = = = = Plain text (Extract) only = = = = = = = =
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GST
GST Rates – HSN Code – Lac or shellac bangles are classifiable under heading 7117 and attract 3% GST.
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Sale of Products after Introduction of GST
GST
Dated:- 4-8-2017
On account of implementation of GST there may be instances where the retail sale price printed on pre-packaged commodity is required to be changed. The Department has therefore issued an order according to which, manufacturers/packers/importers of pre-packaged commodities are to declare the revised retail sale price (MRP), by way of stamping or putting sticker or online printing, as the case may be, on the unsold stock
Manufactured/packed/imported prior to 1st July, 2017, if any, in addition to the existing retail sale price (MRP), for three months i.e. upto 30th September, 2017. Use of un-exhausted packaging material/wrapper has also been allowed upto 30th Septe
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Profiteering measure according to which any reduction in rate of tax on any supply of goods or services or the benefit of input tax credit shall be passed on to the recipient by way of commensurate reduction in prices and the Central Government may constitute an Authority to examine the same. Many business entities have reduced the prices of their goods and services in view of lower GST rates under the GST regime. They have been publishing these revised rates in leading new dailies from time to time for consumer benefit.
The Department has already issued an advertisement in the Newspaper regarding MRP aspects and the final price to protect consumer interests. The Department is also doing the outdoor publicity through creatives on MRP after
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Constitution of Sectoral Groups on GST
GST
Dated:- 4-8-2017
The Goods and Services Tax (GST) Council in its 14th meeting held on 18-19 May, 2017 approved the constitution of eighteen sectoral groups to ensure smooth roll-out of GST.
The Council has received reports from sixteen out of the eighteen sectoral groups. The GST Law Committee comprising of officers of the Central and State Governments have drafted guidance notes based on these reports for some of the sectors.
The eighteen sectoral groups are as follows –
i. Banking, Financial and Insurance Sector
ii. Telecommunication
iii. Exports including EOUs and SEZs
iv. IT/ITES
v. Transport and Logistics
vi. Textiles and Footwear
vii. MSMEs, including job work
viii. Oi
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ITC eligibility for group insurance
Query (Issue) Started By: – RameshBabu Kari Dated:- 4-8-2017 Last Reply Date:- 11-8-2017 Goods and Services Tax – GST
Got 8 Replies
GST
Dear Experts,
One of the company takes the group insurance for their employees. for the payment of premium, company deducting some portion of salary from the employees to pay the insurance premium and Insurance company will provide bill on the company name, not one the employee names. Here company collecting the premium and paying to the insurance company. Can ITC be claim on the insurance by the company as bill received on company name? What are the provisions applicable on this issue ?
Reply By HimansuSekhar Sha:
The Reply:
As per sec 17(5) of the CGST A
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nt, Example: Insurance under Workman Compensation Act, Company can claim ITC.
Trust above clears the doubt.
Regards,
CA Nandan Khambete
Reply By RameshBabu Kari:
The Reply:
Thank you all
Reply By HimansuSekhar Sha:
The Reply:
OK
Sir
Reply By KIRTIKUMAR PUROHIT:
The Reply:
if insurance is taken to fulfill Government obligation in this case ITC available on that policy other wise ITC Not available.
Reply By Ramaswamy S:
The Reply:
Tax paid on any service used for personal consumption is not eligible for ITC (Negative List).
If the service is used in the course of furtherance of business then ITC is allowed.
So it is important to determine whether the service is for furtherance of business or is it for personal consumption.
Rega
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CLEARANCE TO SEZ UNIT UNDER GST
Query (Issue) Started By: – SURYAKANT MITHBAVKAR Dated:- 4-8-2017 Last Reply Date:- 11-8-2017 Goods and Services Tax – GST
Got 8 Replies
GST
While clearnce to SEZ unit without GST.
Is it necessary to clear under LUT under GST.
Reply By HimansuSekhar Sha:
The Reply:
Yes, with LUT or Bond.
As per FAQ: Question 5:
The supplies to a SEZ unit or SEZ developer are treated as zero rated supplies in the GST Law. Then why there is no specific mention in the GST Law about not charging of tax in respect of supplies from DTA unit to a SEZ unit or SEZ developer?
Answer: Yes, supplies made to an SEZ unit or a SEZ developer are zero rated. The supplies made to an SEZ unit or a SEZ developer can be made
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GST to impact welfare schemes: TRS MP
GST
Dated:- 4-8-2017
New Delhi, Aug 4 (PTI) TRS members in the Lok Sabha today demanded that the GST should not be imposed on the existing government schemes, saying it "severely impacted" them as the tax burden has been raised from five to 18 per cent.
Finance Minister Arun Jaitley said he will bring their demand to the notice of the GST council, which meets tomorrow.
With other party members standing by him in support, Jithender R
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STATUS OF TRANSACTION UNDER GST
Query (Issue) Started By: – SURYAKANT MITHBAVKAR Dated:- 4-8-2017 Last Reply Date:- 4-8-2017 Goods and Services Tax – GST
Got 1 Reply
GST
If we received r
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WHAT IS THE HSN CODE OF ALMONDS/ WALNUT CHILKA AND RATE OF TAX UNDER GST
Query (Issue) Started By: – PAWANKUMAR GARG Dated:- 4-8-2017 Last Reply Date:- 4-8-2017 Goods and Services Tax – GST
Got
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