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Archive: 26 July 2018

Posts in 26 July 2018

Revised CGST rates on various services WEF 27th July, 2018

July 26, 2018 29343 Views 1 comment Print

CBIC notifies CGST rates of various services vide Notification No. 13/2018-Central Tax (Rate) Dated: 26th July, 2018 with effect from 27 th of July, 2018 as recommended by Goods and Services Tax Council in its 28th meeting held on 21.07.2018.

Concessional IGST rate on specified handicraft items WEF 27.07.2018

July 26, 2018 2991 Views 0 comment Print

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, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby exempts the inter-state supplies of handicraft goods

CBIC allows Refund of IGST credit to fabric manufacturers

July 26, 2018 1923 Views 1 comment Print

G.S.R. (E).- In exercise of the powers conferred by clause (ii) of the proviso to sub-section (3) of section 54 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with section 20 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017) the Central Government, on the recommendations of the Council, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance

Changes in List of goods exempt from IGST wef 27.07.2018

July 26, 2018 2736 Views 0 comment Print

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, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.2/2017- Integrated Tax (Rate), dated the 28th June, 2017

Revised IGST rates on various Goods WEF 27th July, 2018

July 26, 2018 6276 Views 0 comment Print

CBIC notifies reduced IGST Rates on Several Goods vide Notification No. 19/2018-Integrated Tax (Rate), Dated: 26th July, 2018 with effect from 27th of July, 2018.

IGST on Composite supply of works contract to Govt: Term ‘Business’ clarified

July 26, 2018 1539 Views 0 comment Print

CBIC inserts following explanation in notification No. 8/2017 – Integrated Tax (Rate) in Table, against serial number 3 (Related to Composite supply of works contract to Government) , in column (3), in item (vi)- For the purposes of this item, the term ‘business’ shall not include any activity or transaction undertaken by the Central Government, a State Government or any local authority in which they are engaged as public authorities.

IGST on Services in relation to a function entrusted to a municipality

July 26, 2018 783 Views 1 comment Print

CBIC notifies vide Notification No. 17/2018-Integrated Tax (Rate), Dated: 26th July, 2018 with effect from 27th of July, 2018 that services by way of any activity in relation to a function entrusted to a municipality under Article 243W shall be treated neither as a supply of good nor a service. Government of India Ministry of […]

RCM on services by individual DSAs to banks/ NBFCs wef 27.07.2018

July 26, 2018 52218 Views 8 comments Print

Seeks to amend notification No. 10/2017- Integrated Tax (Rate) so as to specify services supplied by individual Direct Selling Agents (DSAs) to banks/ non-banking financial company (NBFCs) to be taxed under Reverse Charge Mechanism (RCM) vide Notification No. 16/2018-Integrated Tax (Rate), Dated: 26th July, 2018 with effect from 27th of July, 2018. Government of India […]

CBIC notifies IGST exemption on certain services from 27th of July, 2018

July 26, 2018 17355 Views 2 comments Print

Seeks to amend notification No. 9/2017- Integrated Tax (Rate) so as to exempt certain services with effect from 27th of July, 2018 vide Notification No. 15/2018-Integrated Tax (Rate), Dated: 26th July, 2018 as recommended by Goods and Services Tax Council in its 28th meeting held on 21.07.2018. Government of India Ministry of Finance (Department of […]

IGST rates on various services with effect from 27th July, 2018

July 26, 2018 2373 Views 0 comment Print

CBIC notifies IGST rates of various services with effect from 27th of July, 2018 vide Notification No. 14/2018-Integrated Tax (Rate),  Dated: 26th July, 2018 as recommended by Goods and Services Tax Council in its 28th meeting held on 21.07.2018. Government of India Ministry of Finance (Department of Revenue) New Delhi Notification No. 14/2018-Integrated Tax (Rate),  […]

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