UTGST

GST on Restaurants- All you needs to know

Goods and Services Tax - In this article we are going to see the changes in GST tax rates of Restaurants and impact of the same on our food bills i.e., moreover on our Stomachs. The GST Council in its 23rd Meeting held at Guwahati on 10th of November,2017 recommended key changes in Tax rates and one of the most important one is cutoff in tax rates on Restaurants...

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Input Service Distributor under GST

Goods and Services Tax - All the businesses are required to register under GST for its all branches from where the taxable supply is being made. The concept of GST input service distributor is relevant for businesses having GST registration and operating with more than one branch within India. ISD Will be applicable only for the entities having multiple branches...

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Composition Scheme Under GST- An Analysis

Goods and Services Tax - To opt in for composition scheme a taxpayer has to file Form GST CMP-01 or GST CMP-02 with the government. This intimation should be given at the beginning of every Financial Year by a dealer wanting to opt for Composition Scheme....

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FAQs on ethical issues relating to GST

Goods and Services Tax - Q1. Whether a member in practice can engage as GST practitioner? A. Yes, a member in practice can engage as GST practitioner , as the activities to be performed by GST practitioner mentioned in CGST Act, 2017 read with CGST Rules, 2017 are within the purview of a member in practice as per the provisions of Chartered Accountants Act, 19...

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Synopsis of GST Notification dated 15th November, 2017

Goods and Services Tax - The 23rd GST Council meeting held at Guwahati, Assam has proposed many changes in the structure of GST, the legal nod to which was provided through a slew of notifications issued on 14th and 15th November 2017 has made many changes to improve, on 14th and 15th November 2017. A gist of the newly released Notifications issued as on 15th Nov...

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Updated Consolidated notification pertaining to CGST/IGST/UTGST rates on services

Goods and Services Tax - Consolidated notification pertaining to CGST rates on services as amended upto 14.11.2017. Title Notification No. Date Notification No. 17/2017-Central Tax (Rate) updated till 14th Nov, 2017 Notification No. 17/2017-Central Tax (Rate) updated till 14.11.2017 28/06/2017 Notification No. 16/2017-Central Tax (Rate) updated till 14th Nov, 201...

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GST: Time to opt Composition scheme & to apply registration cancellation extended

Goods and Services Tax - Taxpayers who were provisionally migrated by virtue of being registered under the existing laws, but who are no longer required to be registered under GST, the period of applying for cancellation of registration is being extended up to 30th September, 2017. ...

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GST on legal services lacks clarity and creating doubts: Delhi HC

J K Mittal & Company Vs. Union Of India & Ors. (Delhi High Court) - In this case Delhi High Court held that as of date there is no clarity on whether all legal services (not restricted to representational services) provided by legal practitioners and firms would be governed by the reverse charge mechanism. ...

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UTGST exemption on Services by way of admission to a protected monument

Notification No. 47/2017- Union Territory Tax (Rate) - (14/11/2017) - Seeks to amend notification No. 12/2017-UTT(R) so as to extend exemption to admission to protected monument and to consolidate entry at Sl. No. 11A & 11B vide Notification No. 47/2017- Union Territory Tax (Rate)...

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Revised UTGST Rate for restaurants & job work on handicraft goods notified

Notification No. 46/2017-Union Territory Tax (Rate) - (14/11/2017) - Seeks to amend notification No. 11/2017-UTT(R) so as to specify rate @ 2.5% for standalone restaurants and @9% for other restaurants, reduce rate of job work on handicraft goods @ 2.5% and to substitute Services provided in item (vi) against Sl No. 3 in table vide Notification No. 46/2017-Union Terr...

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Concessional UTGST rate of 2.5% on scientific & technical equipments

Notification No. 45/2017-Union territory Tax (Rate) - (14/11/2017) - Seeks to provide concessional GST rate of 2.5% on scientific and technical equipments supplied to public funded research institutions vide Notification No. 45/2017-Union territory Tax (Rate) ...

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UTGST: CBEC notifies restriction of ITC on certain fabrics

Notification No. 44/2017-Union territory Tax (Rate) - (14/11/2017) - Seeks to amend notification no. 5/2017- Union Territory tax(rate) dated 28.06.2017 to give effect to gst council decisions regarding restriction of ITC on certain fabrics vide Notification No. 44/2017-Union territory Tax (Rate)...

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UTGST: CBEC notifies Reverse charge on raw cotton

Notification No. 43/2017-Union territory Tax (Rate) - (14/11/2017) - Seeks to amend notification no. 4/2017- Union Territory tax(rate) dated 28.06.2017 to give effect to GST council decision regarding reverse charge on raw cotton vide Notification No. 43/2017-Union territory Tax (Rate)...

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Recent Posts in "UTGST"

GST on Restaurants- All you needs to know

In this article we are going to see the changes in GST tax rates of Restaurants and impact of the same on our food bills i.e., moreover on our Stomachs. The GST Council in its 23rd Meeting held at Guwahati on 10th of November,2017 recommended key changes in Tax rates and one of the most important one is cutoff in tax rates on Restaurants...

Read More

Input Service Distributor under GST

All the businesses are required to register under GST for its all branches from where the taxable supply is being made. The concept of GST input service distributor is relevant for businesses having GST registration and operating with more than one branch within India. ISD Will be applicable only for the entities having multiple branches...

Read More

Updated Consolidated notification pertaining to CGST/IGST/UTGST rates on services

Consolidated notification pertaining to CGST rates on services as amended upto 14.11.2017. Title Notification No. Date Notification No. 17/2017-Central Tax (Rate) updated till 14th Nov, 2017 Notification No. 17/2017-Central Tax (Rate) updated till 14.11.2017 28/06/2017 Notification No. 16/2017-Central Tax (Rate) updated till 14th Nov, 201...

Read More

Composition Scheme Under GST- An Analysis

To opt in for composition scheme a taxpayer has to file Form GST CMP-01 or GST CMP-02 with the government. This intimation should be given at the beginning of every Financial Year by a dealer wanting to opt for Composition Scheme....

Read More

FAQs on ethical issues relating to GST

Q1. Whether a member in practice can engage as GST practitioner? A. Yes, a member in practice can engage as GST practitioner , as the activities to be performed by GST practitioner mentioned in CGST Act, 2017 read with CGST Rules, 2017 are within the purview of a member in practice as per the provisions of Chartered Accountants Act, 19...

Read More

Synopsis of GST Notification dated 15th November, 2017

The 23rd GST Council meeting held at Guwahati, Assam has proposed many changes in the structure of GST, the legal nod to which was provided through a slew of notifications issued on 14th and 15th November 2017 has made many changes to improve, on 14th and 15th November 2017. A gist of the newly released Notifications issued as on 15th Nov...

Read More

CBEC issues 17 more Notifications/ Circulars/orders on 15th Nov 2017

CBEC issued 17 more Notification/ Circulars or Orders on  15th November 2017 to give effect to various decisions taken by it in 23rd GST Council meeting and to clarify Procedure for Manual filing & processing of GST refund claims, Apportionment of IGST with respect to advertisement services,GST on warehousing of agricultural produce,...

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UTGST exemption on Services by way of admission to a protected monument

Notification No. 47/2017- Union Territory Tax (Rate) (14/11/2017)

Seeks to amend notification No. 12/2017-UTT(R) so as to extend exemption to admission to protected monument and to consolidate entry at Sl. No. 11A & 11B vide Notification No. 47/2017- Union Territory Tax (Rate)...

Read More

Revised UTGST Rate for restaurants & job work on handicraft goods notified

Notification No. 46/2017-Union Territory Tax (Rate) (14/11/2017)

Seeks to amend notification No. 11/2017-UTT(R) so as to specify rate @ 2.5% for standalone restaurants and @9% for other restaurants, reduce rate of job work on handicraft goods @ 2.5% and to substitute Services provided in item (vi) against Sl No. 3 in table vide Notification No. 46/2017-Union Territory Tax (Rate)....

Read More

Concessional UTGST rate of 2.5% on scientific & technical equipments

Notification No. 45/2017-Union territory Tax (Rate) (14/11/2017)

Seeks to provide concessional GST rate of 2.5% on scientific and technical equipments supplied to public funded research institutions vide Notification No. 45/2017-Union territory Tax (Rate) ...

Read More
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