Wait...

Online Export Import Data Search

Complete Training Video : Click Here

Decisions taken on services at 20th GST Council meeting 5 August, 2017: EximGuru.com




Decisions taken on Services – 20th GST Council Meeting 5th August, 2017

The rates of some services were discussed in the 20th GST Council meeting held on 5th August 2017. The Council has broadly approved thefollowing rates. The information is being uploaded immediately after the GST Council’s decision and it will be subject to further vetting duringwhich the list may undergo some changes. The decisions of the GST Council are being communicated for general information and will be giveneffect to through gazette notifications which shall have force of law.

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 U- 17 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.



Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 23-05-2018
DGFT Policy Circular No. 07/2015-20
Clarification on the term `Duty` under Sl.No.3 of Appendix-3A of Foreign Trade Policy 2015-2020.

Date: 23-05-2018
Notification No. 46/2018-Customs
Seeks to further amend notification No. 50/2017- Customs dated 30.06.2017 so as to: i. increase basic customs duty (BCD) on shelled Almonds [0802 12 00] from Rs.65/Kg to Rs.100/Kg ii. increase basic customs duty (BCD)on wheat [1001 19 00, 1001 99 10] from present 20% to 30%. iii increase basic customs duty (BCD) on Protein concentrates [2106 10 00] from 10% to 40%.

Date: 23-05-2018
Notification No. 45/2018-Customs
Seeks to increase tariff rate of basic customs duty (BCD) on Walnuts in shell [0802 31 00 ] from 30% to 100% and increase tariff rate of basic customs duty (BCD) on Protein concentrates and textured protein substances [2106 10 00] from 30% to 40% by invoking section 8A (1) of the Customs Tariff Act, 1975.

Date: 22-05-2018
TRADE NOTICE NO. 13/2018-19
Quota allotted under the Indo-Sri Lanka Free Trade Agreement : Minutes of the Meeting dated 9.5.2018

Date: 22-05-2018
Public Notice No. 10/2015-2020
Maintenance of Annual Average Export Obligation

Date: 22-05-2018
DGFT Policy Circular No. 06/2015-20
Service Providers (and not Ports) are eligible for SFIS/SFIS benefit.

Date: 21-05-2018
Notification No. 11/2018 – Union Territory Tax
Notifications regarding E-way bill in Union Territories (without legislature)

Date: 21-05-2018
Notification No. 10/2018 – Union Territory Tax
Notifications regarding E-way bill in Union Territories (without legislature)

Date: 18-05-2018
Notification No. 09/2018 – Union Territory Tax


Date: 18-05-2018
Notification No. 08/2018 – Union Territory Tax




Exim Guru Copyright © 1999-2018 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001