Decisions taken on services at 20th GST Council meeting 5 August, 2017: EximGuru.com Decisions taken on Services – 20th GST Council Meeting 5th August, 2017The 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 + Exim News Date: 13-11-2019 RBI becomes net buyer of dollars in Sept, bought $5.61 billion Date: 13-11-2019 ONGC wants to take Opal out of SEZ as domestic demand grows Date: 13-11-2019 Intel agencies favour making FEMA a criminal act like PMLA Date: 13-11-2019 Trump says China trade deal 'close' but dashes hopes for signing details Date: 13-11-2019 Asia's mini Chinas struggle to capitalize on Trump-Xi trade war Date: 12-11-2019 RBI withdraws some exemptions granted to HFIs Date: 12-11-2019 Govt gives 3 months more till December for export of last year's balance sugar quota Date: 12-11-2019 Identify products whose import can be reduced: Commerce Ministry Date: 12-11-2019 MMTC floats tenders for import of 4,000 tonnes of onion Date: 12-11-2019 Rupee skids 19 paise amid fresh trade concerns What is New? Date: 11-11-2019 Notification No. 44/2019-Customs (ADD) Seeks to amend notification No. 1/2017-Customs dated 5th January, 2017 to insert S. Nos. 48 to 52 in the duty table to finalize the assessment of exports of jute products by M/s. Roman Jute Mills Ltd. (Producer/Exporter) and M/s SMP International, LLC,USA (Exporter/ Trader), M/s Aziz Fibres Limited (Producer/Exporter), M/s Natore Jute Mills (producer), Bangladesh and M/s PNP Jute trading LLC (Exporter/Trader), USA. Date: 11-11-2019 Notification No. 43/2019-Customs (ADD) Seeks to rescind notification Nos. 24/2018- Customs (ADD) the dated 7th May, 2018, 41/2018- Customs (ADD) and 42/2018- Customs (ADD) dated 24th August, 2018 which had prescribed provisional assessment on export of jute products from Bangladesh by specified exporters. Date: 08-11-2019 Notification No. 30/2015-2020 Amendment in Policy Condition No. 3 of Chapter 88 and incorporation of Policy Condition No. 3 in Chapter 95 of ITC (HS) 2017, Schedule-I (Import Policy)-regd. Date: 08-11-2019 Public Notice No. 42/2015-2020 TRQ for import of 30,000 MT of Crude Soya Oil from Paraguay under India-Mercosur PTA . Date: 07-11-2019 Notification No.81/2019 - Customs (N.T.) Exchange Rates Notification No.81/2019-Custom (NT) dated 07.11.2019 Date: 07-11-2019 A.P. (DIR Series) Circular No.8 Exim Bank's Government of India supported Line of Credit of USD 30 million to the Government of the Republic of Ghana Date: 06-11-2019 Notification No. 59/2019-Customs (N.T./CAA/DRI) Appointment of CAA by DGRI - reg. Date: 06-11-2019 Notification No. 60/2019-Customs (N.T./CAA/DRI) Appointment of CAA by DGRI - reg. Date: 06-11-2019 Notification No. 61/2019-Customs (N.T./CAA/DRI) Appointment of CAA by DGRI - reg. Date: 06-11-2019 Notification No. 62/2019-Customs (N.T./CAA/EXTENSION/DRI) Appointment of CAA by DGRI - reg.
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