Tag: GST Clarification

Export of services under GST when exporter outsources a portion

Clarification on export of services under GST when exporter outsources portion of services contract to another person located outside India Circular No. 78/52/2018-GST F. No. CBEC-20/16/04/2018-GSTGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsGST Policy Wing***** New Delhi, Dated the 31st December, 2018 To,The …

Correct valuation methodology for GST on TCS under Income Tax

Correct valuation methodology for ascertainment of GST on TCS under the provisions of the Income Tax Act, 1961 The CBIC has issued Circular No. 76/50/2018-GST clarifying certain issues related to GST. The following clarification has been given on the subject: Question: What is the correct valuation methodology for ascertainment of …

Fertilizers supplied for direct use or supplied for use in manufacturing other fertilizers for agricultural attract 5% IGST

Fertilizers supplied for direct use as fertilizers, or supplied for use in the manufacturing of other complex fertilizers for agricultural use will attract 5% IGST Circular No. 54/28/2018-GST F. No. 354/255/2018-TRU (Part-2) Government of India Ministry of Finance Department of Revenue (Tax Research Unit) North Block, New Delhi Dated, 9th …

Clarification-Applicability of GST on petroleum gases retained for the manufacture of petrochemical / chemical products

Clarification on applicability of GST on petroleum gases retained for the manufacture of petrochemical and chemical products Circular No.53/27/2018-GST F.No.354/255/2018-TRU (Part-2) Government of India Ministry of Finance Department of Revenue (Tax Research Unit) ***** North Block, New Delhi Dated, 9th August, 2018 To Principal Chief Commissioners/Principal Directors General, …