Modification of Circular No.1 of 2014 in view of substitution of Service Tax by Goods and Services Tax (GST)
23\/2017 Dated:- 19-7-2017 Circular
Income Tax
CIRCULAR No. 23\/2017
\nF. No. 275\/59\/2012-IT (B)
\nGovernment of India
\nMinistry of Finance
\nDepartment of Revenue
\nCentral Board of Direct Taxes
\nNorth Block, New Delhi
\n19th July, 2017
\nSubject: Modification of Circular No.1 of 2014 in view of substitution of Service Tax by Goods and Services Tax (GST).
\nThe Central Board of Direct Taxes (the Board) had earlier issued Circular No. 1\/2014 dated 13.01.2014 clarifying that wherever in terms of the agreement or contract between the payer and the payee, the Service Tax component comprised in the amount payable to a resident is indicat<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n provisions of Finance Act, 1994. Therefore, there is a need to harmonize; the content of Circular No. 1\/2014 of the Board with the new system for taxation of services under the GST regime. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Modification of Circular No.1 of 2014 in view of substitution of Service Tax by Goods and Services Tax (GST)23\/2017 Dated:- 19-7-2017 CircularIncome TaxCIRCULAR No. 23\/2017 F. No. 275\/59\/2012-IT (B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi 19th July, 2017 Subject: Modification of Circular No.1 … Continue reading “Modification of Circular No.1 of 2014 in view of substitution of Service Tax by Goods and Services Tax (GST)”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-6255","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/6255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6255"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/6255\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n4. In the light of the fact that even under the new GST regime, the rationale of excluding the tax component from the purview of TDS remains valid, the Board hereby clarifies that wherever in terms of the agreement or contract between the payer and the payee, the component of 'GST on services' comprised in the amount payable to a resident is indicated separately, tax shall be deducted at source under Chapter XVII-B of the Act on the amount paid or payable without including such 'GST on services' component. GST for these purposes shall in<\/p>\n
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