"28 June 2017" Archive - Page 2

Rates for supply of services under IGST Act

Notification No. 8/2017-Integrated Tax (Rate) [G.S.R. 683(E)] (28/06/2017)

Govt hereby notifies that the integrated tax, on the inter-State supply of services of description as specified in column (3) of the Table below, falling under Chapter, Section or Heading of scheme of classification of services as specified in column (2), shall be levied at the rate as specified in the corresponding entry in column (4), ...

Read More

Exemption from IGST supplies by CSD to Unit Run Canteens & supplies by CSD

Notification No. 7/2017-Integrated Tax (Rate) (28/06/2017)

GST Council, hereby exempts, inward supplies of goods, description of which is specified in column (3) of the Table below, falling under tariff item, sub-heading, heading or Chapter, as the case may be, as specified in the corresponding entry in column (2), from the whole of integrated tax leviable thereon under section 5 of the Integrate...

Read More

Notification prescribing refund of 50% of IGST on supplies to CSD U/s. 20

Notification No. 6/2017-Integrated Tax (Rate) (28/06/2017)

Central Government, on the recommendations of the Council, hereby specifies the Canteen Stores Department, under the Ministry of Defence, as a person who shall be entitled to claim a refund of fifty per cent. of applicable integrated tax paid by it on all inward supplies of goods received by it for the purposes of subsequent supply of suc...

Read More

IGST: Supplies of goods in respect of which no refund of unutilised input tax credit shall be allowed

Notification No. 5/2017-Integrated Tax (Rate) [G.S.R. 670(E)] (28/06/2017)

Central Govt, on recommendations of Council, hereby notifies goods,in respect of which no refund of unutilised input tax credit shall be allowed, where credit has accumulated on account of rate of tax on inputs being higher than rate of tax on output supplies of such goods (other than nil rated or fully exempt supplies)....

Read More

Reverse charge on certain specified supplies of goods U/s. 5(3) of IGST Act, 2017

Notification No. 4/2017-Integrated Tax (Rate) [G.S.R. 669(E)] (28/06/2017)

G.S.R. (E).- In exercise of the powers conferred by sub-section (3) of section 5 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government, on the recommendations of the Council, hereby specifies the supply of goods, the description of which is specified in column (3) of the...

Read More

GST: Govt notifies rates of integrated tax on Petroleum operations

Notification No. 3/2017-Integrated Tax (Rate) (28/06/2017)

Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government, on the recommendations of the Council, hereby notifies the rate of the integrated tax....

Read More

List of Goods exempt from integrated tax under IGST Act, 2017

Notification No. 2/2017-Integrated Tax (Rate) [G.S.R. 667(E)] (28/06/2017)

G.S.R. (E). - In exercise of the powers conferred by sub-section (1) of section 6 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government, being satisfied that it is necessary in the public interest so to do, on the recommendations of the Goods and Services Tax Council...

Read More

Govt notifies Item wise and Integrated Tax Rate wise List of Goods

Notification No.1/2017 -Integrated Tax (Rate) [G.S.R. 666(E)] (28/06/2017)

Central Government notifies the rate of the integrated tax of-(i) 5 per cent. in respect of goods specified in Schedule I, (ii) 12 per cent. in respect of goods specified in Schedule II, (iii) 18 per cent. in respect of goods specified in Schedule III, (iv) 28 per cent. in respect of goods specified in Schedule IV, (v) 3 per cent. in resp...

Read More

Tax Invoice, Debit Note and Credit Note

Where any supply is made for a consideration, every person who is liable to pay for such supply shall prominently indicate in all documents relating to assessment, tax invoice and other like documents, the amount of tax which shall form part of the price at which such supply is made....

Read More

Goods & Service Tax (GST) transition simplified

As we are nearing to July 1, 2017 GST will be a reality soon. For the transition from existing law to the GST law the government has made the transitional arrangements to carry forward the input tax credit under the existing laws to the GST law....

Read More