Tag: Press Release
GST rates are lower than pre-GST tax on most items of mass consumption Press Information Bureau Government of India Ministry of Finance 18-July-2017 GST rates so notified are lower than the pre-GST tax incidence on most of the items of mass consumption such as cereals, pulses, milk, tea, …
Textile traders demand for nil GST on fabrics can not be accepted. Organized traders and unorganized sellers in Textile Sector not affected by GST-FinMin Press Information Bureau Government of India Ministry of Finance 18-July-2017 FM: Organized traders and unorganized sellers in Textile Sector have not been affected by …
Star rating of hotels irrelevant for GST rate determination Press Information Bureau Government of India Ministry of Finance 18-July-2017 Government clarifies that accommodation in any hotel, including 5-star hotels, having a declared tariff of a unit of accommodation of less than INR 7500 per unit per day, will …
Position regarding applicability of GST on Legal Services provided by individual Advocates including Senior Advocates and a Firm of Advocates Ministry of Finance Press Release Dated: 15th July, 2017 Position regarding applicability of GST on Legal Services provided by individual Advocates including Senior Advocates and a Firm of …
Clarification on GST on Legal Services. All legal services including representational services provided by senior advocates are under reverse charge. Ministry of Finance Press Release Dated: 15th July, 2017 Clarification regarding GST w.r.t. Legal Services by Advocates including Senior Advocates There are points being raised about the applicability …
Income Tax identifies 5.56 lakh high cash depositors from SFT information. 1.04 lakh persons not disclosed all bank accounts. Operation Clean Money-2nd phase Income Tax Department pushes additional cases of High Cash Deposits in Second Phase of Operation Clean Money The Income Tax Department (ITD) has used information …
Sale of old jewellery to jeweller not liable to GST under RCM-Further clarification Further clarification on tax in reverse charge on gold ornaments. Sale of old jewellery by an individual to a jeweller will not make the jeweller liable to pay tax under reverse charge mechanism on such …
GST-Services by Housing Society Resident Welfare Association Services provided by the Housing Society Resident Welfare Association (RWA) not to become expensive under GST; There is no change made to services provided by the Housing Society (RWA) to its members in the GST regime. There are some press reports …
No GST on hostel accommodation charges by educational institutions from its students No GST on Annual subscription/fees charged as lodging/boarding charges by educational institutions from its students for hostel accommodation; Services provided by an educational institution to students, faculty and staff are fully exempt from GST. There are …
No GST on prasadam supplied by religious places like temples, mosques churches, gurudwaras, dargahs. No GST is applicable on free food supplied in anna kshetras run by religious institutions; prasadam supplied by religious places like temples, mosques, churches, gurudwaras, dargahs, etc. attracts Nil CGST and SGST or IGST, …
