1. Increase in turnover limit to Rs. 1.5 crore for availing composition scheme. Special Category states to decide the composition turnover limit within 1 week. 2. Simplification of compliance for taxpayers under composition with one annual return to file but payment of taxes would remain quarterly with a simple declaration. 3. States will decide within …
Services provided by Indian Institutes of Managements to their students- in all such long duration programs (one year or more) are exempt from levy of GST from 31st January’18 and onwards. Though for a period of 1st July’17 to 30th January’18 only certain programmes will be exempt from GST. More Details
Government clarifies the carry forward unutilized input credit under the CENVAT Credit Rules where the expression “eligible duties” will be included under CENVAT Credit or not. More Details
Clarification is given on the following 2 issues are: 1. Value of services by BF/BC to a banking company – The banking company is liable to pay GST on the entire value of service charge or fee charged to customers whether or not received via business facilitator or the business correspondent 2. The scope of …
Supply of all services by an educational institution to its students, faculty and staff is exempt including supply of food and beverages by an educational institution to its students, faculty and staff. However, such supply of food and beverages by any person other than the educational institutions based on a contractual arrangement with such institution …
Service of “printing of pictures” falls under service code “998386: Photographic and video graphic processing services” and not under “998912: Printing and reproduction services of recorded media, on a fee or contract basis”. Printing of Pictures hence attracts GST of 18% and not 12%. More Details
It is clarified that the services provided by IFC and ADB are exempt from GST. The exemption will be available only to the services provided by ADB and IFC and not to any entity appointed by or working on behalf of ADB or IFC. More Details
Services provided by Indian Institutes of Managements to their students- in all such long duration programs (one year or more) are exempt from levy of GST from 31st January’18 and onwards. Though for a period of 1st July’17 to 30th January’18 only certain programmes will be exempt from GST. More Details
12% is the GST rate for Sprinkler and Drip Irrigation System including laterals, nozzles and other components. More Details
Applicability of GST rates and classification has been clarified on the following item headings: 1. Chhatua or Sattu 2. Fish meal and other raw materials used for making cattle/poultry/aquatic feed 3. Animal Feed Supplements/feed additives from drugs 4. Supply of Liquefied Petroleum Gas for Domestic Use 5. Supply of Polypropylene Woven and Non-Woven Bags and …
