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The e-book contains Rate of Tax on Services as applicable after considering all Notifications, Circulars etc issued by CBEC from time to time till 3rd July 2017 and includes Services taxable at Nil Rate of Taxation, taxable at the rate of 5%, taxable at the rate of 12%, taxable at the rate of 18%, taxable at the rate of 28% and GST On Supply Of Services At Same Rate As On Supply Of Similar Goods.
INDEX
• LIST OF SERVICES AT NIL RATE
• LIST OF SERVICES AT 5% RATE
• LIST OF SERVICES AT 12% RATE
• LIST OF SERVICES AT 18% RATE
• LIST OF SERVICES AT 28% RATE
• GST ON SUPPLY OF SERVICES AT SAME RATE AS ON SUPPLY OF SIMILAR GOODS
LIST OF SERVICES AT NIL RATE
| S.No. | Description of Services | Rate |
| 1 | Services by an entity registered under section 12AA of the Income-tax Act, 1961 (43 of 1961) by way of charitable activities. | Nil |
| 2 | Services by way of transfer of a going concern, as a whole or an independent part thereof. | Nil |
| 3 | Pure services (excluding works contract service or other composite supplies involving supply of any goods) provided to the Central Government, State Government or Union territory or local authority or a Governmental authority by way of any activity in relation to any function entrusted to a Panchayat under article 243G of the Constitution or in relation to any function entrusted to a Municipality under article 243W of the Constitution. | Nil |
| 4 | Services by Central Government, State Government, Union territory, local authority or governmental vauthority by way of any activity in relation to any function entrusted to a municipality under article 243 W of the Constitution. | Nil |
| 5 | Services by a governmental authority by way of any activity in relation to any function entrusted to a Panchayat under article 243G of the Constitution. | Nil |
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Dear Sir, The following query to be clarified:-
1.Whether Vat+Service Tax registered business man has to Migrate separately for both registration in the GST or migration for Vat only shall be sufficient for both the Purposes for GST or we have to 2nd migration for service tax also.2. The balance stock as on 30.6.2017 is to be carried forward on 01.07.2017 but Vat credit is said to be allowed for 1 year’s old stock how we shall account for the Vat already paid on the stock more than 1 to 3-year-old stock. Please suggest & guide.
Dear Sir
Thank you very much for the updated lists. We want a small clarity on our product. We are supplying prepaid/Preloaded Gift Cards (VISA/Master) to major corporate companies in India jointly with some of Banks. We procure the Cards with magnetic stripe from the Card manufacturers. Upon receipt of order from Corporate, we will deposit requisite amount in the Bank account and the Bank will load the cards as per the denomination required by our Customer. The cards are only means of payment. The customer will distribute the preloaded cards to their employees or distributors or agents and they will use the cards at various outlets, accepting the VISA/MASTER CARDS and buy the products they require.
Now pl let us know under which category our service will come in GST. Shall we mention any Product Code for our cards? Pl address our querry as we are not able to answer to any of our customers.
In the article GST rates for services (& also in other similar article for goods) only first index of NIL rates is given & no other Annexure is available