Tag: GST rates
Recommendations made during 31st Meeting of the GST Council held regarding Rate changes and clarification in Goods GST Council in the 31st meeting held on 22nd December, 2018 at New Delhi took following decisions relating to changes in GST rates, and clarification (on Goods). The decisions of the GST Council …
Effective GST rate on complex building flat etc. No tax on sale after issue of completion certificate by the competent authority. Effective tax rate on complex, building, flat etc. It is brought to the notice of buyers of constructed property that there is no GST on sale of complex/ …
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 …
Exemptions, changes/rationalization in GST rates, ITC eligibility criteria & clarification on GST levy on services-28th GST Council Meeting Recommendations GST rate on Services The GST Council in its 28th meeting held here today under the Chairmanship of Shri Piyush Goyal , Union Minister for Railways , Coal , Finance …
Gst Council Recommends rates reduction on Several Goods & for Specified Handicraft Items GST rates have been recommended to be brought down to Nil on Sanitary Napkins & Rakhi & more Goods GST Council recommends for allowing refund to fabrics on account of inverted duty structure Rate change …
Applicable GST rate on Priority Sector Lending Certificates PSLCs, Renewable Energy Certificates RECs & similar scrips fall under heading 4907 with 12% GST rate Circular No. 46/20/2018-GST F. No. 354/149/2017 –TRU Government of India Ministry of Finance Department of Revenue Tax Research Unit ****** North Block, New Delhi Dated …
GST council reviews incentives for digital transactions and Sugar Cess 27th GST council meeting discusses change in GST rate for digital transactions and imposition of Sugar Cess 1. Incentive to promote Digital Transactions: (a) Keeping in view the need to move towards a less cash economy, the Council …
GST Notifications for change in CGST rates and exemption to certain services as per recommendation of GST Council 25th meeting held on 18.01.2018. Notification No. & Date of Issue Notification Subject 01/2018-Central Tax ,dt. 01-01-2018 Click Here >> Central Tax seeks to further amend notification No. 8/2017 – …
GST Exempted Services and Services with lower GST rates from 25th January 2018
Recommendations for Changes In GST/IGST Rate and Clarifications in Respect of GST Rate on Certain Goods -As per discussions held in the 25thGST Council Meeting The Union Finance Minister Shri Arun Jaitley Chaired the 25th Meeting of the GST Council in New Delhi today. The Council has recommended certain …