GST rates on thirteen services reduced by GST Council in its 20th meeting
The summary of Decisions taken with respect to revised rates at 20th GST Council Meeting on 5 August, 2017 are as under
| S. No. | Description of service | From | To |
| 1. | Job work services in respect of the textiles and textile products (including MMF yarn, garments, made-ups, etc. falling in Chapters 50 to 63) | 18%/5% | 5% |
| 2 | Services by way of printing of newspapers, books (including Braille books), journals and periodicals where only content is supplied by the publisher and the physical inputs including paper used for printing belongs to the printer | 18% with full ITC | 12% with full ITC |
| 3 | Services by way of printing of newspapers, books (including Braille books), journals and periodicals using physical inputs owned by others (including an unregistered publisher/supplier) | 18% with full ITC | 5% with full ITC |
| 4 | Works contract services provided to Government, local authority or governmental authority and in respect of post-harvest storage infrastructure for agricultural produce, mechanized food grain handling system | 18% with full ITC | 12% with full ITC |
| 5 | Margin/commission payable to Fair Price Shop Dealers by Central/ State Governments | 18% with full ITC | Nil |
| 6 | Admission to planetarium | 28% with full ITC | 18% with full ITC |
| 7 | Rent-a-cab service | Allowed option of 12% GST with full ITC. 5% GST with no ITC will also continue | |
| 8 | Goods Transport Agency Service (GTA) | Allowed option of 12% GST with full ITC under forward charge. 5% GST with no ITC will also continue. (However, the GTA has to give an option at the beginning of financial year) | |
| 9 | In case of small house-keeping service providers (plumbers/carpenters) providing services through Electronic Commerce Operators (ECO), liability to pay GST placed on ECO | ||
| 10 | Partnership firm or a firm includes LLP ( Limited liability Partnership) for the purposes of levy (including exemption therefrom) of GST on legal services. | ||
| 11 | To clarify that legal services (including representational services) provided by an individual advocate or a senior advocate or a firm of advocates (including LLP) provided to a business entity in taxable territory are covered under reverse charge mechanism | ||
| 12 | Goods required by FIFA and Services provided by and to FIFA and its subsidiaries in connection with FIFA U17 World Cup to be hosted in India in 2017 shall be exempted from GST | ||
| 13 | New crop insurance schemes Pradhan Mantri Fasal Bima Yojana (PMFBY) introduced from Kharif 2016-17 in place of National Agricultural Insurance Scheme (NAIS) and Modified National Agricultural Insurance Scheme (MNAIS), and Restructured Weather Based Crop Insurance Scheme (RWCIS) introduced in place of Weather Based Crop Insurance Schemes , shall be extended exemption from GST. | ||
Absence of an explicit irrevocability clause in trust deed no ground for rejecting application for registration or renewal under section…
ITAT allowed increased exemption of Rs. 25 lakhs u/s 10(10A) to non-government employees in view of CBDT retrospective notification. In…
PCIT has revisionary jurisdiction u/s 263 over the cases irrespective of the fact that the relevant assessment was completed physical…
Appellate court interfering with Motor Accidents Claims Tribunal findings on assessment of disability and loss of earning capacity must undertake…
When period of delay is not very huge and involve huge monetary liability on the assessee, a lenient approach should…
Ratification by EoGM of the company can not give legality of the diversion of the fund raised by preferential issue.…