GST Rate on supply of goods to Indian Railway when covered/not covered under Chapter-86-Clarirification
As per Notification No. 1/2017-Central Tax (Rate) dated 28th June, 2017 read with Notification No. 5/2017-Central Tax (Rate) dated 28th June, 2017, goods/services classified under Chapter 86, attarct GST at the rate of 5 per cent without refund of unutilised Input Tax Credit (ITC). Whereas, goods covered under any other chapter are subject to GST at the applicable rates prescribed by the Notification No. 2/2017-Central Tax (Rate) dated 28th June, 2017 read with Notification No. 5/2017-Central Tax (Rate) dated 28th June, 2017.
The Government had received representations that few suppliers/contarctors were making supply of such goods to the Railways which should be classified under other tan Chapter-86 but they are being subjected to 5% GST.
The matter was considered in the 25th meeting of the GST Council held on 18th January, 2018 and it was decided to issue a clarification in this regard.
Now, the Government has issued a circular clarifying as under:
Payment of imprest whether a transfer within the meaning of section 269ST – case remanded for determination In a recent…
CA Misconduct – Appellate order quashed as final judgment was not passed by same members who heard arguments. In a…
Deceased homemaker can not be considered as dependant for award of compensation under MV Act. Courts to award a composite…
CIT Revision notice u/s 263 quashed as the Assessing Officer rightly taken DVO value of property sold as actual sale…
Extension of timeline for implementation of mandatory "Ship To GSTIN" and Voluntary Closure of E-Way Bill functionalities GSTN Advisory dated…
No protective addition required in the hand of a third party when additions have been confirmed in the hands of…