GST Rate

GST rates on Real Estate

Goods and Services Tax - Types of Real Estate Transactions: These are the following types of transactions which can take place in Real Estate Sector: 1. Supply of immovable properties (Commercial/ Residential) before completion. 2. Supply of immovable properties (Commercial/ Residential) after completion. 3. Sale of Land (Agricultural/ Commercial/ Residential). 4...

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Highlights of the 39th GST Council Meeting

Goods and Services Tax - 1. Deferment of the new GST return system and e-invoicing to 1st October 2020. The present return system (GSTR-1, GSTR-2A & GSTR-3B) will be continued until September 2020. 2. Changes in the GST rates GST on mobile phones and specified parts was increased from 12% to 18%. All types of matches have been rationalised to […]...

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GST Council’s Recommendation on GST Procedures

Goods and Services Tax - The all empowered GST Council (GSTC) had its 39th meeting on 14th March, 2020. The meeting deliberated with a three pronged focus, viz, changes in law and procedure for trade facilitation, GST rates rationalization and I.T. facilities. The GSTC also took certain decisions to defer the new facilities/utilities and/or extend the due dates a...

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Sign of Bigger Relief – 39th GST Council Meeting

Goods and Services Tax - A much-awaited relief has finally arrived in terms of relaxation and deferring many compliances,  whether it is about E-Invoicing or GST Audit for the financial Year 2018 – 2019 in the 39th GST Council meeting which took place on 14/03/2020. The rationale behind this is very clear logical as we have just finished the Audit [&hellip...

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Note on Recommendations Made In 39th GST Council Meeting

Goods and Services Tax - Various recommendations have been made by the GST Council in its meeting held on 14.03.2020 which is likely to be notified soon. Relevant points are as follows: 1. Interest for delay in payment of GST to be charged on net cash tax liability w.e.f. 01.07.2017 instead of gross tax liability (Law to be amended retrospectively). 2. […...

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38th GST Council’s decisions on Law & Procedural changes

Goods and Services Tax - Due date for annual return in FORM GSTR-9 and reconciliation statement in FORM GSTR-9C for FY 2017-18 to be extended to 31.01.2020. Input tax credit to the recipient in respect of invoices or debit notes that are not reflected in his FORM GSTR-2A shall be restricted to 10 per cent of the eligible credit available in respect of invoices or...

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38th GST Council’s decisions On Rate Changes

Goods and Services Tax - To levy a single rate of GST @ 28% on both State run and State authorized lottery. This change shall become effective from 1st March, 2020. The Council also considered the rate of GST rate on Woven and Non-Woven Bags and sacks  of polyethylene or polypropylene strips or the like, whether or not laminated, of a kind used for packing of go...

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CBIC issues 43 notifications on 30th September 2019

Goods and Services Tax - CBIC issues 43 notifications on 30th September 2019 to give effect to Recommendations made by GST Council in its 37th Meeting. Most of the changes are effective from 1st October 2019 and includes changes in Custom Law, CGST, IGST and UTGST Law. Changes includes changes in Rates on certain Products and Services, Applicability of Reverse [&...

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Changes in GST Law & Return Filing including Annual Returns

Goods and Services Tax - Filing of FORM GSTR-9 for those taxpayers who (are required to file the said return but) have aggregate turnover up to Rs. 2 crores made optional for the said tax periods. A Committee of Officers to be constituted to examine the simplification of Forms for Annual Return and reconciliation statement....

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Changes in GST Rate on Services | 37th GST Council Meeting

Goods and Services Tax - GST Rate on Services as Recommended by The GST Council in Its 37th Meeting The 37th GST Council met in Goa today under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman. The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Chief [&he...

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HC to GST Council- Decide GST Rate for Ayurvedic Sanitizer

Haryana Ayurvedic Drugs Manufacturers Assocication (HADMA) Vs Central Goods & Service Tax & Ors. (Punjab & Haryana High Court) - The High Court forwarded the application to GST Council for appropriate consideration of exact GST rate applicable on Ayurvedic/ Unani/ Sidha (AUS) ingredient based sanitizers in accordance with law. Accordingly the petition is disposed off with the hope that the same shall be taken up for considera...

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Gujarat Builder found guilty of not passing ITC Benefit

Sh. Vasantbhai Bhikabhai Patel Vs M/s Shree Infra (National Anti-Profiteering Authority) - Sh. Vasantbhai Bhikabhai Patel Vs M/s Shree Infra (National Anti-Profiteering Authority) We have carefully considered the Report of the DGAP, the submissions of the Respondent and all the documents placed on record. From the perusal of the DGAP’s Report it is revealed that the ratio of ITC to ...

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Sanitary Napkin seller found guilty of not passing GST rate reduction benefit

Sh. Sandeep Puri Vs M/s Glenmark Pharmaceutical Ltd. (National Anti-Profiteering Authority) - Product Sanitary Napkin vide Notification No. 19/2018-Central Tax (Rate) dated 26.07.2018, w.e.f 27.07.2018 was exempted and attracted NIL rate of GST. However prior to 27.07.2018 this product attracted 12% GST with the benefit of ITC on the inputs and input services which was denied from 27.07.2018...

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GST Rate on supply of Solar Power Generating System

In re Frizo India Private Limited (AAR Rajasthan) - In re Frizo India Private Limited (GST AAR Rajasthan) Applicable GST Rate on supply of Solar Power Generating System- In instant case the nature of work is of Erection, Procurement and Commissioning of Solar Generating System which falls under the ambit ‘Works Contract Services’ (SAC 995...

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GST Rate on Electrical Wiring Harness (electrical wire)

In re Wabco India Limited (GST AAR Tamil Nadu) - In re Wabco India Limited (GST AAR Tamil Nadu) 1. Whether the Electrical Wiring Harness, primarily an electrical wire with connectors at both ends, manufactured by the Applicant falls under the HSN tariff item 8544 for which the rate prescribed vide Notification no 1/2017 -Central tax (Rate) dated 2...

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CBIC revises GST rate of matchsticks & telephone sets

Notification No. 03/2020-Central Tax (Rate) [G.S.R. 216(E).] - (25/03/2020) - CBIC amends notification No. 1/2017-Central Tax (Rate) to prescribe uniform GST rate of 12% on all matchsticks & 18 % on all telephone sets vide Notification No. 03/2020–Central Tax (Rate) Dated- 25th March, 2020. MINISTRY OF FINANCE (Department of Revenue) Notification No. 03/2020-Central Tax...

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GST reduced to 5% on MRO services of aircraft with full ITC

Notification No. 02/2020–Central Tax (Rate) [G.S.R. 1209(E).] - (25/03/2020) - CBIC amends Notification No. 11/2017-Central Tax (Rate) dt. 28.06.2017 reducing CGST rate on Maintenance, Repair and Overhaul (MRO) services in respect of aircraft from 18% to 5% with full ITC vide Notification No. 02/2020–Central Tax (Rate) Dated- 25th March, 2020. MINISTRY OF FINANCE (Department...

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UTGST reduced to 5% on MRO services of aircraft with full ITC

Notification No. 02/2020-Union Territory Tax (Rate) [G.S.R. 1211(E).] - (25/03/2020) - CBIC amends Notification No. 11/2017-Union Territory Tax (Rate) dt. 28.06.2017 reducing UTGST rate on Maintenance, Repair and Overhaul (MRO) services in respect of aircraft from 18% to 5% with full ITC vide Notification No. 02/2020–Union Territory Tax (Rate) dated 25th March, 2020 Ministry of Fina...

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CBIC revises IGST rate of Matchsticks & Telephone Sets

Notification No. 03/2020-Intergrated Tax (Rate) [G.S.R. 217(E)] - (25/03/2020) - CBIC amends notification No. 1/2017-Integreated Tax (Rate) to prescribe  uniform IGST rate of 12% on all matchsticks & 18 % on all telephone Sets vide Notification No. 03/2020-Intergrated Tax (Rate) dated 25th March, 2020. Ministry of Finance (Department of Revenue) Notification No. 03/2020-Int...

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IGST reduced to 5% on MRO services of aircraft with full ITC

Notification No. 02/2020–Integrated Tax (Rate) [G.S.R. 1210(E)] - (25/03/2020) - CBIC amends Notification No. 8/2017-Integrated Tax (Rate) dt. 28.06.2017 reducing IGST rate on Maintenance, Repair and Overhaul (MRO) services in respect of aircraft from 18% to 5% with full ITC vide Notification No. 02/2020–Integrated Tax (Rate) Dated 25th March, 2020. MINISTRY OF FINANCE (Depart...

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Recent Posts in "GST Rate"

GST rates on Real Estate

Types of Real Estate Transactions: These are the following types of transactions which can take place in Real Estate Sector: 1. Supply of immovable properties (Commercial/ Residential) before completion. 2. Supply of immovable properties (Commercial/ Residential) after completion. 3. Sale of Land (Agricultural/ Commercial/ Residential). 4...

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HC to GST Council- Decide GST Rate for Ayurvedic Sanitizer

Haryana Ayurvedic Drugs Manufacturers Assocication (HADMA) Vs Central Goods & Service Tax & Ors. (Punjab & Haryana High Court)

The High Court forwarded the application to GST Council for appropriate consideration of exact GST rate applicable on Ayurvedic/ Unani/ Sidha (AUS) ingredient based sanitizers in accordance with law. Accordingly the petition is disposed off with the hope that the same shall be taken up for consideration by the Council at the earliest, con...

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CBIC revises GST rate of matchsticks & telephone sets

Notification No. 03/2020-Central Tax (Rate) [G.S.R. 216(E).] (25/03/2020)

CBIC amends notification No. 1/2017-Central Tax (Rate) to prescribe uniform GST rate of 12% on all matchsticks & 18 % on all telephone sets vide Notification No. 03/2020–Central Tax (Rate) Dated- 25th March, 2020. MINISTRY OF FINANCE (Department of Revenue) Notification No. 03/2020-Central Tax (Rate) New Delhi, the 25th March, 2020 ...

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GST reduced to 5% on MRO services of aircraft with full ITC

Notification No. 02/2020–Central Tax (Rate) [G.S.R. 1209(E).] (25/03/2020)

CBIC amends Notification No. 11/2017-Central Tax (Rate) dt. 28.06.2017 reducing CGST rate on Maintenance, Repair and Overhaul (MRO) services in respect of aircraft from 18% to 5% with full ITC vide Notification No. 02/2020–Central Tax (Rate) Dated- 25th March, 2020. MINISTRY OF FINANCE (Department of Revenue) Notification No. 02/2020–...

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UTGST reduced to 5% on MRO services of aircraft with full ITC

Notification No. 02/2020-Union Territory Tax (Rate) [G.S.R. 1211(E).] (25/03/2020)

CBIC amends Notification No. 11/2017-Union Territory Tax (Rate) dt. 28.06.2017 reducing UTGST rate on Maintenance, Repair and Overhaul (MRO) services in respect of aircraft from 18% to 5% with full ITC vide Notification No. 02/2020–Union Territory Tax (Rate) dated 25th March, 2020 Ministry of Finance (Department of Revenue) Notification...

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CBIC revises IGST rate of Matchsticks & Telephone Sets

Notification No. 03/2020-Intergrated Tax (Rate) [G.S.R. 217(E)] (25/03/2020)

CBIC amends notification No. 1/2017-Integreated Tax (Rate) to prescribe  uniform IGST rate of 12% on all matchsticks & 18 % on all telephone Sets vide Notification No. 03/2020-Intergrated Tax (Rate) dated 25th March, 2020. Ministry of Finance (Department of Revenue) Notification No. 03/2020-Intergrated Tax (Rate) New Delhi, the 25th ...

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IGST reduced to 5% on MRO services of aircraft with full ITC

Notification No. 02/2020–Integrated Tax (Rate) [G.S.R. 1210(E)] (25/03/2020)

CBIC amends Notification No. 8/2017-Integrated Tax (Rate) dt. 28.06.2017 reducing IGST rate on Maintenance, Repair and Overhaul (MRO) services in respect of aircraft from 18% to 5% with full ITC vide Notification No. 02/2020–Integrated Tax (Rate) Dated 25th March, 2020. MINISTRY OF FINANCE (Department of Revenue) Notification No. 02/202...

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Highlights of the 39th GST Council Meeting

1. Deferment of the new GST return system and e-invoicing to 1st October 2020. The present return system (GSTR-1, GSTR-2A & GSTR-3B) will be continued until September 2020. 2. Changes in the GST rates GST on mobile phones and specified parts was increased from 12% to 18%. All types of matches have been rationalised to […]...

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GST Council’s Recommendation on GST Procedures

The all empowered GST Council (GSTC) had its 39th meeting on 14th March, 2020. The meeting deliberated with a three pronged focus, viz, changes in law and procedure for trade facilitation, GST rates rationalization and I.T. facilities. The GSTC also took certain decisions to defer the new facilities/utilities and/or extend the due dates a...

Read More

Sign of Bigger Relief – 39th GST Council Meeting

A much-awaited relief has finally arrived in terms of relaxation and deferring many compliances,  whether it is about E-Invoicing or GST Audit for the financial Year 2018 – 2019 in the 39th GST Council meeting which took place on 14/03/2020. The rationale behind this is very clear logical as we have just finished the Audit [&hellip...

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Note on Recommendations Made In 39th GST Council Meeting

Various recommendations have been made by the GST Council in its meeting held on 14.03.2020 which is likely to be notified soon. Relevant points are as follows: 1. Interest for delay in payment of GST to be charged on net cash tax liability w.e.f. 01.07.2017 instead of gross tax liability (Law to be amended retrospectively). 2. […...

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39th GST Council Recommendations on changes in Law & Procedures

The 39th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman on 14th March 2020. Many long awaited issues are discussed and useful clarifications are recommended by Council. The GST Council has made the following recommendations on Law & Procedures changes. Press release iss...

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Decisions Taken In 39th GST Council Meeting

Article summarises Decisions Taken In 39th Meeting of GST Council on 14th March 2020. ANNUAL RETURN Relaxation of MSMEs from furnishing of Reconciliation Statement in FORM GSTR 9C for the F.Y. 2018-2019, for  taxpayers having aggregate turnover > Rs.5 crores. Due date for filling Annual Return and the Reconciliation Statement for the ...

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39th GST council meeting- Key Recommendations

The 39th GST Council meeting held on 14th March 2020 took decisions on various important issues and came up with following stress busting recommendations: INTEREST 1. Interest on delay in payment of GST shall be collected on Net Cash payment only w.e.f 01.07.2017; REVOCATION OF CANCELLATION 2. One time measure for Revocation of cancellat...

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39th GST Council Meeting: E-invoicing, GSTR 9 & 9C, New Return

Recently, The GST Council in its 39th GST Council Meeting took the following decisions relating to changes in GST rates on supply of goods and services, law & procedures. Law & Procedure: 1. Interest for delay in payment of GST to be charged on the net cash tax liability w.e.f. 01.07.2017 (Law to be amended […]...

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Summary of 39th GST Council Meeting Decisions

Summary of 39th GST Council Meeting Decisions taken on 14th March 2020 1. Related to Interest Liability: – Interest to be charged on Net Cash Liability (retrospective amendment from 01.07.2017) Earlier the department had issued Lacs of Notices involving the Penal Interest running in thousands of crores demanding Interest on Gross Am...

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Top 13 Takeaways of 39th GST Council Meeting

Amid huge expectations from GST council from 39th meeting held on 14.03.2020, GST Council has recommended various changes in GST law to facilitate trade and industry at large. We present to you top 13 takeways from GST council meeting at New Delhi: 1. Interest on delayed payment to be calculated on net GST liability Council […]...

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Outcome of 39th GST Council Meeting held on 14th March 2020

The GST Council in its 39th meeting held on 14th March 2020 at New Delhi discussed and approved: (i) certain amendments in the GST Law and procedures; (ii) Changes related to GST Rates; and (iii) Recommended IT Roadmap   I. Recommendations on IT Roadmap – A presentation was made by Mr. Nandan Nilekani on behalf […]...

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9 Key Highlights of 39th GST Council Meeting

Key Highlights of 39th GST Council Meeting – 14th March, 2020 1. Current return filing system: GSTR-1, GSTR-3B continue till 30th September, 2020. New return filing deferred till 30th Sept, 2020. 2. E-invoicing: E-invoicing Extended till 01st October, 2020. Exempted certain classes of persons from generating E-invoicing. 3. Interest...

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Recommendations of 39th GST Council Meeting on IT Roadmap

Press Release ID: 1606433 (14/03/2020)

Shri Nandan Nilekani would attend the next 3 meetings of the GST Council and update the council of the status of implementation of the decisions taken by the Council and assist the Council in taking appropriate decisions on technology related issues, ...

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Changes in GST rates on goods & services in 39th GST Council Meeting

Press Release ID: 1606432 (14/03/2020)

Council made the following recommendations:- To raise the GST rate on Mobile Phones and specified parts presently attracting 12% to 18%. To deliberate the issue of calibrating the rate in other items for removing inversion in future meetings with further consultation and examination of issue....

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IGST: New service under reverse charge mechanism

Notification No. 28/2019-Integrated Tax (Rate) [G.S.R. 973(E)] (31/12/2019)

Notification No. 28/2019-Integrated Tax (Rate)– To amend notification No. 10/2017-Integrated Tax (Rate) so as to notify certain services under reverse charge mechanism (RCM) as recommended by GST Council in its 38th meeting held on 18.12.2019. Government of India Ministry of Finance (Department of Revenue) Notification No. 28/2019- ...

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IGST exemption on certain services | 38th GST Council meeting

Notification No. 27/2019-Integrated Tax (Rate) [G.S.R. 972(E)] (31/12/2019)

Notification No. 27/2019-Integrated Tax (Rate) – To amend notification No. 9/2017-Integrated Tax (Rate) so as to exempt certain services as recommended by GST Council in its 38th meeting held on 18.12.2019. Government of India Ministry of Finance (Department of Revenue) Notification No. 27/2019-Integrated Tax (Rate) New Delhi, the 3...

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UTGST: Changes in GST rate on goods | 38th GST Council Meeting

Notification No. 27/2019-Union Territory Tax (Rate) (30/12/2019)

Notification No. 27/2019-Union Territory Tax (Rate)– Seeks to further amend notification No. 01/2017-Union Territory Tax (Rate), to change the rate of GST on goods as per recommendations of the GST Council in its 38th Meeting. Government of India Ministry of Finance Department of Revenue Notification No. 27/2019-Union Territory Tax ...

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IGST: Changes in GST rate on goods | 38th GST Council Meeting

Notification No. 26/2019-Integrated Tax (Rate) (30/12/2019)

Notification No. 26/2019-Integrated Tax (Rate)- Notification No. 01/2017-Integrated Tax (Rate) amended to change the rate of GST on goods as per recommendations of the GST Council in its 38th Meeting. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 26/2019-Integrated Tax (Rate) New Delhi, the 30th December...

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CGST: Changes in GST rate on goods | 38th GST Council Meeting

Notification No. 27/2019-Central Tax (Rate) (30/12/2019)

Notification No. 27/2019- Central Tax (Rate) dated 30th Dec, 2019 i. Seeks to further amend notification No. 01/2017-Central Tax (Rate), to change the rate of GST on goods as per recommendations of the GST Council in its 38th Meeting. ii. Rate of GST rate on Woven and Non-Woven Bags and sacks of polyethylene or polypropylene […]...

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GST on Job Work – GST Rates from 1st day of October, 2019

Job Work Rates Summarised – After October 2019 Notification Changed Rates of Job Work JOB WORK RATE 5% – A. Services by way of JOB WORK OF GOODS BELONGING TO ANOTHER REGISTERED PERSON in relation to- (a) Printing of newspapers; (b) Textiles and textile products falling under Chapter 50 to 63 (c) all products falling […]...

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Santa of GST stressed due to drop in Revenue

In this meeting taxpayers did receive their Christmas gifts wherein recommendations were made for extension of due date and also some procedural decisions were taken. The gifts given by stressful Santa Claus seems to be affected by 40% drop in revenue....

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38th GST Council Meeting Decisions Held on 18th December 2019

Article explains Extension in Due Date of GST Returns , Decisions regarding restriction on availment of Provisional ITC in GSTR-3B, Late fee waiver on GSTR-1, Formation of Grievance Redressal Committees (GRC) and GST Rate revision as per 38th GST Council Meeting Decisions Held on 18th December 2019. 1. Extension in Due Date of GST Returns...

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38th GST Council Meeting Update

GST Council in its 38th Meeting held yesterday on 18 December 2019, has announced various measures, particularly focusing on the compliances and wrongful availment of Input tax credit. In addition, the Council has also extended the date of filing of the GST Annual Returns and Reconciliation Statement from 31 December 2019 to 31 January 20...

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Decisions of 38th GST Council Meet

Recently GST council meet was held on 18th December,2019. Here is the glimpse of the decisions taken in the council meet. Hope this article helps you to keep pace with all-time updating GST. Following were major decisions taken by the council- 1. Extension of Due date – Due date to file GSTR-9 (Annual Return) and […]...

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38th GST Council Meeting decisions- Highlights and Analysis

38th GST Council Meeting on 18th December 2019 decisions- Highlights and Analysis GST Rate Changes and Analysis |  38th GST Council Meeting 1. To exempt long term lease contracts of industrial/ financial infrastructure plots by an entity having 20% or more ownership of Central or State Government- Releases Working Capital pressure for en...

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Outcome of 38th GST Council Meeting held on 18th December 2019

The GST Council in its 38th meeting held on 18th December 2019 at New Delhi discussed and approved: (i) certain amendments in the GST Law and procedures; and (ii) Changes related to GST Rates Below mentioned is the gist of announcements made by the GST Council categorised into below sections: 1. GST Revenue Trends – […]...

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Brief insight on the recommendations of 38th GST council meet

1. Waiver of FORM GSTR-1 late fees Late fees for FORM GSTR-1 for period(s) july-2017 to November-2019, as proposed shall be waived off if filled by 10th January 2020 2. E-way Bill for taxpayers who have not filed their FORM  GSTR-1 for two tax periods shall be blocked. 3. Provisional ITC further restricted to 10% […]...

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38th GST Council’s decisions on Law & Procedural changes

Due date for annual return in FORM GSTR-9 and reconciliation statement in FORM GSTR-9C for FY 2017-18 to be extended to 31.01.2020. Input tax credit to the recipient in respect of invoices or debit notes that are not reflected in his FORM GSTR-2A shall be restricted to 10 per cent of the eligible credit available in respect of invoices or...

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38th GST Council’s decisions On Rate Changes

To levy a single rate of GST @ 28% on both State run and State authorized lottery. This change shall become effective from 1st March, 2020. The Council also considered the rate of GST rate on Woven and Non-Woven Bags and sacks  of polyethylene or polypropylene strips or the like, whether or not laminated, of a kind used for packing of go...

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Consolidated GST Rate Chart of Job Work (Updated)

GST rate of Job Work (Consolidated Sheet) Notification 11/2017- Central Tax (Rate). The said notification was issued on 28th June, 2017. And is further amended by Notification No. 20/2017 (dated 22nd August, 2017), 31/2017 (dated 13th October, 2017), 46/2017 (dated 14th November, 2017), 1/2018 (dated 25th January, 2018), 20/2019 (dated 30...

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Manufacture Vs Job work-whether difference is relevant in GST regime?

Job work is merely a process or processes undertaken by the job worker on the goods belonged to the principal. Job work may amounts to manufacture or may not amount to manufacture. Job worker may use some portion of his material also or he may not use his material at all. The law on these issues have already been settled....

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18% GST on Manufacturing Process on goods of unregistered person

Textile, Jewellery etc. manufacturing and other processes on goods belonging to other unregistered person clarified to be taxable @ 18% Circular No. 126 dated 22-11-2019 has clarified that ,if manufacturing services are performed on goods belonging to unregistered persons, then tax rate shall be 18%. Sectoral Impact Apart from textile, je...

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Clarification on GST Rate on Job Work Services

CBIC issued a clarification on Job work vide circular No. 126/45/2019- GST on the dated 22nd November 2019. Before published, these circular people have many doubts about job work and manufacturing processes. We are clearing our views before and after issued this clarification by CBIC. Before Clarification After Clarification Per notifica...

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CBIC clarifies on Rate of GST on Job Work

Circular No. 126/45/2019-GST (22/11/2019)

Doubts have been raised with regard to the recommendation of the GST Council to reduce rate of GST on all job work services, which earlier attracted 18 % rate, to 12%. CBIC clarified on the same...

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Gujarat Builder found guilty of not passing ITC Benefit

Sh. Vasantbhai Bhikabhai Patel Vs M/s Shree Infra (National Anti-Profiteering Authority)

Sh. Vasantbhai Bhikabhai Patel Vs M/s Shree Infra (National Anti-Profiteering Authority) We have carefully considered the Report of the DGAP, the submissions of the Respondent and all the documents placed on record. From the perusal of the DGAP’s Report it is revealed that the ratio of ITC to the taxable turnover during the pre-GST ...

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Sanitary Napkin seller found guilty of not passing GST rate reduction benefit

Sh. Sandeep Puri Vs M/s Glenmark Pharmaceutical Ltd. (National Anti-Profiteering Authority)

Product Sanitary Napkin vide Notification No. 19/2018-Central Tax (Rate) dated 26.07.2018, w.e.f 27.07.2018 was exempted and attracted NIL rate of GST. However prior to 27.07.2018 this product attracted 12% GST with the benefit of ITC on the inputs and input services which was denied from 27.07.2018 as the product was exempted from levy o...

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New GST Rate Applicable on Hotel Industry w.e.f. 01.10.2019

GST Council in the 37th meeting held on 20th September, 2019 at Goa inter-alia, decided to lower GST rates on hotel tariff, outdoor catering and other miscellaneous items. To give effect to its decision they have issued Notification No. 20/2019-Central Tax (Rate) dated 30th September, 2019 NATURE OF SERVICE PARTICULARS TAXABLE AMOUNT TAX ...

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Clarification regarding GST rates & classification of Goods on 7 items

Circular No. 113/32/2019-GST (11/10/2019)

CBIC clarifies in in respect of applicable GST rates on the following items: (i) Classification of leguminous vegetables such as grams when subjected to mild heat treatment (ii) Almond Milk (iii) Applicable GST rate on Mechanical Sprayer (iv) Taxability of imported stores by the Indian Navy (v) Taxability of goods imported under lease. (v...

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Changes in Job Work GST rates – Differently Decoded

Effective from 1st October 2019 vide Notification no.20/2019-Central Tax (rate) dated 30th September 2019, a few entries have been inserted/amended with regard to job work rates in the primary rate Notification no. 11/2017-Central tax (rate) dated 28th June 2017. After the amendment in the said Notification, Heading 9988 reads as follows:...

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Rates of Tax on Job-work Services wef 1st October 2019

What Council Propose – Government Disposes !! Council at their 37th meeting took the following decision with respect to reduction in rates of tax on job-work services: ‘3. To reduce rate of GST from 5% to 1.5% on supply of job work services in relation to diamonds. 4. To reduce rate of GST from 18% […]...

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CBIC issues 43 notifications on 30th September 2019

CBIC issues 43 notifications on 30th September 2019 to give effect to Recommendations made by GST Council in its 37th Meeting. Most of the changes are effective from 1st October 2019 and includes changes in Custom Law, CGST, IGST and UTGST Law. Changes includes changes in Rates on certain Products and Services, Applicability of Reverse [&...

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Changes in UTGST rates for specified goods wef 01.10.2019

Notification No. 14/2019-Union territory Tax (Rate) [G.S.R. 711(E).] (30/09/2019)

Seeks to amend notification No 1/2017- Union territory Tax (Rate) dated 28.6.2017 so as to specify effective UTGST rates for specified goods, to give effect to the recommendations of the GST Council in its 37th meeting dated 20.09.2019 vide Notification No. 14/2019-Union territory Tax (Rate) Dated  30th September, 2019. GOVERNMENT OF IND...

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Update on 37th GST Council meeting at Goa on 20.09.2019

The 37th meeting of GST Council was held on 20th September, 2019 at Goa where in several taxpayer friendly measures have been announced which inter alia include GST rate reduction on hotels, few exemptions, lower rate on diamond related job works and outdoor catering, measures to boost export, few clarifications and relaxation in filin...

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Proposed changes in Hospitality Sector with respect to GST

Proposed changes in Hospitality Sector with respect to GST as discussed in the 37th meeting of the GST Council With the Puja and Winter vacations approaching, expeditions and trips are inevitable! The 37th Meeting of the Goods and Services Tax Council, held in Goa on 20th September, 2019 had proposed to lower the GST rates […]...

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Changes in GST for Hotel Industry- 37th GST Council meeting

Decisions taken at 37th GST Council meet at Goa on 20.09.2019 (with specific reference to Hotel) GST Council in the 37th meeting held on 20th September, 2019 (Friday) at Goa inter-alia, decided to lower GST rates on hotel tariff, outdoor catering and other miscellaneous items. (A) GST Rates on hotel room tariffs A comparative analysis o...

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GST Council’s 37th Meeting- Key Takeaways

The 37th GST Council meeting took place on 20th September 2019 at GOA. In this meeting, the council took following decisions relating to changes in GST rates, ITC eligibility criteria, exemption and clarification on connected issues. Further, the council has been proposed to changes in some procedural aspects under GST. Rate reduction/ Ex...

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37th GST Council Meeting held on 20th Sep 2109 Recommendations

Change in GST Rates The council has recommended to change GST tariff rate for hotels as follows: Transaction value per unit per day up to Rs.1000/- Nil rate, from Rs.1000/- to Rs.7500/- 12% and above Rs. 7500/- tax at 18%. This will have direct impact on consumers by benefiting in the lower taxes. To reduce outdoor catering […]...

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Outcome of 37th GST Council Meeting held on 20th September 2019

The GST Council in its 37th meeting held on 20th September 2019 at Goa discussed and approved: (i) Some policy recommendations; (ii) certain amendments in the GST Law; (iii) reduction in GST rates for certain category of goods and services; and (iv) clarifications on GST rates for existing goods or services; 1. Changes related to [&hellip...

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Changes in GST Rates for Hotel Industry

Sachin Kumar Mishra GST TAX RELIEF FOR HOTELS – Upcoming GST on the Hotel Industry The GST Council has agreed to lower tax rates imposed on the hotel industry during its meeting on Friday. Led by Finance Minister Nirmala Sitharaman, the all-powerful council decided to tax hotels on rates varying from 18 to zero per […]...

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Key Highlights of 37th GST Council Meeting

37th GST Council Meeting – Key Highlights Date: 20th September, 2019 1. Policy Changes New Return Filing System New Return filing to be introduced from April 2020 (Earlier proposed from Oct, 19) Annual Returns and GST Audits 1) GST Annual Returns GSTR-9 & 9A Optional for those with turnover upto 2 Cr for FY 17-18 […]...

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37th GST Council meeting- Rate changes effective from 01.10.2019

HIGHLIGHTS OF 37TH GST COUNCIL MEETING ALL THESE RATE CHANGES WILL BE EFFECTIVE FROM OCTOBER 1 2019. 1. GST Council recommends lower 12% cess on 1,500 cc diesel, 1,200 cc petrol vehicles with capacity to carry up to 13 people 2. Group insurance schemes for paramilitary forces under the Home Affairs ministry to be exempted […]...

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Changes in GST Law & Return Filing including Annual Returns

Filing of FORM GSTR-9 for those taxpayers who (are required to file the said return but) have aggregate turnover up to Rs. 2 crores made optional for the said tax periods. A Committee of Officers to be constituted to examine the simplification of Forms for Annual Return and reconciliation statement....

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Changes in GST Rate on Services | 37th GST Council Meeting

GST Rate on Services as Recommended by The GST Council in Its 37th Meeting The 37th GST Council met in Goa today under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman. The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Chief [&he...

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Changes in GST Rate on Goods | 37th GST Council Meeting

GST Rate on Goods as Recommended by The GST Council in Its 37th Meeting- GST rates reduction a. 18% to 12% on parts of Slide Fasteners b. 18% to 5% on Marine Fuel 0.5% (FO) c. 12% to 5% on Wet Grinders(consisting stone as a grinder)...

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CBIC notifies reduced GST rate on Electrically operated vehicles

Notification No. 12/2019-Central Tax (Rate) [G.S.R. 539(E).] (31/07/2019)

CBIC notifies Electrically operated vehicles, including two and three wheeled electric vehicles and Electrically operated vehicles, including two and three wheeled electric vehicles vide Notification No. 12/2019-Central Tax (Rate) Dated 31st July, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 12/20...

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36th GST Council Meeting- Changes in GST Law, Due dates and Rates

NA (27/07/2019)

GST rate on all Electric Vehicles reduced from 12% to 5% and of charger or charging stations for EVs from 18% to 5%. Hiring of electric buses by local authorities exempted from GST.Changes in GST rates shall be effective from 1st August, 2019...

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GST on MSME Sector- Complete Analysis with FAQs

Article contains Provisions applicable to a MSME related to GST Registration, Composition Levy Scheme, Input Tax Credit, Tax Invoice in GST, Exemption from Compulsory Audit by CA for MSME Sector, Returns in GST and Measures taken for the MSME Sector under GST. Article further contains Major Decisions of the GST Council related to MSME on ...

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12% or 18% Dilemma- GST on Government Sub Contract

Introduction: Most of the government works contract comes under the slab rate of 12%. But GST rate on Government Sub contract is still widely debated in the Infrastructure sector since the notification governing tax rates is unclear. What GST Law Says? As per Sl no 3, clause (ix) of Notification 11/2017-Central Tax (rate) dt 28.06.2017 [&...

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35th GST Council Meeting- GST rate related change

On issues relating to GST concessions on electric vehicle, charger and hiring of electric vehicle, the Council recommended that the issue be examined in detail by the Fitment Committee and brought before the Council in the next meeting....

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GST rate on real estate sector- Decisions in 34th GST Council meeting

Decisions taken by the GST Council in the 34th meeting held on 19th March, 2019 regarding GST rate on real estate sector GST Council in the 34th meeting held on 19th March, 2019 at New Delhi discussed the operational details for implementation of the recommendations made by the council in its 33rd meeting for lower […]...

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CBIC releases 44 GST Notification / Circular / Order on 31.12.2018

GST Council has made several recommendations related to GST Rate Reduction on Good and Services, Late Return Filing Fees Waiver, Extension of Due date of GST Return Filing, Simplification of Annual GST Return and to provide clarification related to GST on Various Services in its 31st GST Council Meeting held on 22nd December 2018. To [&he...

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Reg. GST on Transport of goods in containers by rail by any person other than Indian Railways

Notification No. 30/2018-Central Tax (Rate) [G.S.R. 1277(E)] (31/12/2018)

Seeks to insert explanation in an item in notification No. 11/2017– Central Tax (Rate) by exercising powers conferred under section 11(3) of CGST Act, 2017. Government of India Ministry of Finance (Department of Revenue) Notification No. 30/2018-Central Tax (Rate) New Delhi, the 31st December, 2018 G.S.R. 1277(E).- In exercise of the po...

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New services under Reverse Charge Mechanism wef 1st January 2019

Notification No. 29/2018- Central Tax (Rate) [G.S.R. 1276(E)] (31/12/2018)

Seeks to amend notification No. 13/2017- Central Tax (Rate) so as to specify services to be taxed under Reverse Charge Mechanism (RCM) as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018. Following services brought under RCM mechanism: Services provided by business facilitator (BF) to a banking company ...

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CBIC exempt certain services from CGST w.e.f. 1st January 2019

Notification No. 28/2018- Central Tax (Rate) [G.S.R. 1272(E)] (31/12/2018)

Seeks to amend notification No. 12/2017- Central Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018. Government of India Ministry of Finance (Department of Revenue) Notification No. 28/2018- Central Tax (Rate) New Delhi, the 31st December, 2018 G.S.R. 1272(E)...

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Changes in CGST rates of various services from 1st January 2019

Notification No. 27/2018-Central Tax (Rate) [G.S.R. 1271(E)] (31/12/2018)

Seeks to amend notification No. 11/2017- Central Tax (Rate) so as to notify CGST rates of various services as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018. Government of India Ministry of Finance (Department of Revenue) Notification No. 27/2018-Central Tax (Rate) New Delhi, the 31st December, 2018 G...

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CBIC exempts CGST on supply of gold by nominated agencies to registered persons

Notification No. 26/2018-Central Tax (Rate) G.S.R.1263(E) (31/12/2018)

CBIC exempts central tax (CGST) on supply of gold by nominated agencies to registered persons vide Notification No. 26/2018- Central Tax (Rate) Dated 31st December, 2018....

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CBIC exempt GST on certain goods WEF 1st January, 2019

Notification No. 25/2018-Central Tax (Rate) G.S.R.1262(E). (31/12/2018)

Seeks to further amend notification No. 2/2017-Central Tax (Rate) dated 28.06.2017 to exempt GST on goods as per recommendations of the GST Council in its 31st meeting vide Notification No. 25/2018-Central Tax (Rate) dated 31st December, 2018. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 25/2018-Central...

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CBIC notifies Change in GST rates on goods wef 01.01.2019

Notification No. 24/2018-Central Tax (Rate) G.S.R.1261(E). (31/12/2018)

GST on solar power generating plant and other renewable energy plants GST rate of 5% rate has been prescribed on renewable energy devices & parts for their manufacture (bio gas plant/solar power based devices, solar power generating system (SGPS) etc) [falling under chapter 84, 85 or 94 of the Tariff]. Other goods or services used in...

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GST rate for Sprinkler and Drip irrigation System including laterals

Circular No. 81/55/2018-GST (31/12/2018)

sprinklers in the entry 195B, covers sprinkler irrigation system. Accordingly, sprinkler system consisting of nozzles, lateral and other components would attract 12% GST rate....

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Clarification regarding GST rates & classification (goods)

Circular No. 80/54/2018-GST (31/12/2018)

Circular No. 80/54/2018-GST clarifies on Applicability of GST on Chhatua or Sattu, Applicable GST rate on Fish meal and other raw materials used for making cattle/poultry/aquatic feed, GST on supply of Liquefied Petroleum Gas for Domestic Use, GST on supply of Polypropylene Woven and Non‑Woven Bags and PP Woven and Non-Woven Bags lamina...

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Reg. UTGST on Transport of goods in containers by rail by any person other than Indian Railways

Notification No. 30/2018-Union Territory Tax (Rate) G.S.R.1275(E). (31/12/2018)

Seeks to insert explanation in an item in notification No. 11/2017–Union Territory Tax (Rate) by exercising powers conferred under section 11(3) of CGST Act, 2017 vide Notification No. 30/2018-Union territory Tax (Rate) dated 31st December, 2018 Government of India Ministry of Finance (Department of Revenue) Notification No. 30/2018-Un...

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UTGST: New services under Reverse Charge Mechanism wef 1st January 2019

Notification No. 29/2018-Union Territory Tax (Rate) G.S.R.1273(E). (31/12/2018)

Seeks to amend notification No. 13/2017- Union Territory Tax (Rate) so as to specify services to be taxed under Reverse Charge Mechanism (RCM) as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018 vide Notification No. 29/2018-Union territory Tax (Rate) dated 31st December, 2018 Government of India Minis...

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CBIC exempt certain services from UTGST w.e.f. 1st January 2019

Notification No. 28/2018- Union Territory Tax (Rate) G.S.R.1272(E). (31/12/2018)

Seeks to amend notification No. 12/2017- Union Territory Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018 vide Notification No. 28/2018-Union territory Tax (Rate) dated 31st December, 2018. Government of India Ministry of Finance (Department of Revenue) No...

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Changes in UTGST rates of various services from 1st January 2019

Notification No. 27/2018-Union Territory Tax (Rate) [G.S.R. 1279(E)] (31/12/2018)

Seeks to amend notification No. 11/2017- Union Territory Tax (Rate) so as to notify UTGST rates of various services as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018 vide Notification No. 27/2018-Union territory Tax (Rate) dated 31st December, 2018 Government of India Ministry of Finance (Department ...

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CBIC exempts UTGST on supply of gold by nominated agencies to registered persons

Notification No. 26/2018-Union Territory Tax (Rate) G.S.R.1269(E). (31/12/2018)

Union Territory Tax (Rate)-seeks to exempt Union Territory tax on supply of gold by nominated agencies to registered person vide Notification No. 26/2018-Union territory Tax (Rate) dated 31st December, 2018 Government of India Ministry of Finance (Department of Revenue)` Notification No. 26/2018-Union Territory Tax (Rate) New Delhi, the ...

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CBIC exempt UTGST on certain goods WEF 1st January, 2019

Notification No. 25/2018-Union Territory Tax (Rate) G.S.R.1268(E). (31/12/2018)

Seeks to further amend notification No. 2/2017-Union Territory Tax (Rate) dated 28.06.2017 to exempt GST on goods as per recommendations of the GST Council in its 31st meeting vide Notification No. 25/2018-Union territory Tax (Rate) dated 31st December, 2018 GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No....

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CBIC notifies Change in UTGST rates on goods wef 01.01.2019

Notification No. 24/2018-Union territory Tax (Rate) G.S.R.1267(E). (31/12/2018)

Seeks to further amend notification No. 1/2017-Union Territory Tax (Rate) dated 28.06.2017 to change GST rates on goods as per recommendations of the GST Council in its 31st meeting vide Notification No. 24/2018-Union territory Tax (Rate) dated 31st December, 2018 GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notificati...

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Reg. IGST on Transport of goods in containers by rail by any person other than Indian Railways

Notification No. 31/2018-Integrated Tax (Rate) [G.S.R. 1278(E)] (31/12/2018)

CBIC seeks to insert explanation in an item in notification No. 8/2017 – Central Tax (Rate) by exercising powers conferred under section 11(3) of CGST Act, 2017 vide Notification No. 30/2018-Integrated Tax (Rate) dated 31st December, 2018....

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IGST: New services under Reverse Charge Mechanism wef 01.01.2019

Notification No. 30/2018-Integrated Tax (Rate) (31/12/2018)

Seeks to amend notification No. 10/2017- Integrated Tax (Rate) so as to specify services to be taxed under Reverse Charge Mechanism (RCM) as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018 vide Notification No. 30/2018-Integrated Tax (Rate) dated 31st December, 2018. Government of India Ministry of Fi...

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CBIC exempt certain services from IGST w.e.f. 1st January 2019

Notification No. 29/2018-Integrated Tax (Rate) (31/12/2018)

Seeks to amend notification No. 9/2017- Integrated Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018 vide Notification No. 29/2018-Integrated Tax (Rate) dated 31st December, 2018. Government of India Ministry of Finance (Department of Revenue) Notification ...

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Changes in IGST rates on various services from 1st January 2019

Notification No. 28/2018-Integrated Tax (Rate) (31/12/2018)

Notification No. 28/2018-Integrated Tax (Rate)- Seeks to amend notification No. 8/2017- Integrated Tax (Rate) so as to notify IGST rates of various services as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018 ...

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CBIC exempts IGST on supply of gold by nominated agencies to registered persons

Notification No. 27/2018-Integrated Tax (Rate) [G.S.R. 1266(E).] (31/12/2018)

CBIC exempt integrated tax (IGST) on supply of gold by nominated agencies to registered persons subject to conditions notified by Notification No. 27/2018-Integrated Tax (Rate) dated 31st December, 2018. Government of India Ministry of Finance (Department of Revenue) Notification No. 27/2018- Integrated Tax (Rate) New Delhi, the 31st De...

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CBIC exempt IGST on certain goods WEF 1st January 2019

Notification No. 26/2018-Integrated Tax (Rate) [G.S.R. 1265(E).] (31/12/2018)

CBIC further amends notification No. 2/2017-Integrated Tax (Rate) dated 28.06.2017 to exempt GST on goods as per recommendations of the GST Council in its 31st meeting vide Notification No. 26/2018-Integrated Tax (Rate) dated 31st December, 2018. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 26/2018-Int...

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Changes in IGST rates on goods wef 01.01.2019

Notification No. 25/2018-Integrated Tax (Rate) [G.S.R. 1264(E).] (31/12/2018)

CBIC amends notification No. 1/2017-Integrated Tax (Rate) dated 28.06.2017 to change GST rates on goods as per recommendations of the GST Council in its 31st meeting vide Notification No. 25/2018-Integrated Tax (Rate) dated 31st December, 2018....

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GST on Goods- Changes proposed in 31st meeting of GST Council

18% GST is applicable on wood logs including the wood in rough/log used for pulping. Turbo charger is classified under heading 8414 and attracts 18% GST and not 5% GST. Fabric even if embroidered or has stitching of lace and tikki etc., and even if sold in three piece fabric as ladies suit set, will be classifiable as fabric andwould attr...

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Summary of Recommendations made during 31st GST Council Meeting

Summary of Recommendations made during 31st GST Council Meeting held on 22.12.2018 related to E-Cash Ledger,  Refund,  For Return, Annual GST Return, Unavailed ITC, Late Fees, E-Way bill, Reduction Of GST On Services/Changed New rate wef 01.01.2019 And REDUCTION OF GST Goods New rate wef 01.01.2019. Recommendations made during 31st GST ...

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GST on services- 21 Changes proposed in 31st meeting of GST Council

Reduction in GST rates/exemptions on services: GST rate on cinema tickets above Rs. 100 shall be reduced from 28% to 18% and on cinema tickets upto Rs. 100 from 18% to 12%. GST rate on third party insurance premium of goods carrying vehicles shall be reduced from 18% to 12%...

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GST Rate Reduction proposed by GST Council during 31st Meeting

GST Council in the 31st meeting held on 22nd December, 2018 at New Delhi took following decisions relating to changes in GST rates on goods and services. The decisions of the GST Council have been presented in this note for easy understanding....

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GST Rate on supply of Solar Power Generating System

In re Frizo India Private Limited (AAR Rajasthan)

In re Frizo India Private Limited (GST AAR Rajasthan) Applicable GST Rate on supply of Solar Power Generating System- In instant case the nature of work is of Erection, Procurement and Commissioning of Solar Generating System which falls under the ambit ‘Works Contract Services’ (SAC 9954) of Notification no. 11/2017 Central T...

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GST Rate on Electrical Wiring Harness (electrical wire)

In re Wabco India Limited (GST AAR Tamil Nadu)

In re Wabco India Limited (GST AAR Tamil Nadu) 1. Whether the Electrical Wiring Harness, primarily an electrical wire with connectors at both ends, manufactured by the Applicant falls under the HSN tariff item 8544 for which the rate prescribed vide Notification no 1/2017 -Central tax (Rate) dated 28 June 2017 read with 41/2017 -Central [...

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Tile adhesive and joint filler are taxable @ 18% GST

In re M/s. New RV Enterprises. (GST AAR Kerala)

The tile adhesive and joint filler manufactured by mixing natural products like silica sand, dolomite powder, cement and chemicals come under the category of 'prepared binder' specified under HSN 3824 which is taxable @18% GST....

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GST Rate Slabs – 1, 2, 3 Or More !!

Goods and Services Tax (GST) is levied and collected under four broad tax rates, viz, 5%, 12%, 18% and 28%. However, there is a upper ceiling of 40% GST under the law upto which GST would be levied....

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