CA Shruti Singhal
Quick Summary
1. Scope of Online information and database access or retrieval (OIDAR) services enhanced In case of OIDAR services which are provided to non-taxable online recipient (NTOR), the OIDAR service provider is required to compulsorily pay tax on forward charge mechanism (FCM). OIDAR services falls und
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FAQ :
The definition of OIDAR services has been updated by removing the condition of minimal human intervention, meaning more services now qualify. The definition of Non-Taxable Online Recipient (NTOR) has also been narrowed, primarily to government entities required to deduct TDS, and the exclusion for business use has been removed, broadening the tax base for OIDAR providers.
Un-fried or un-cooked snack pellets manufactured through extrusion have had their GST rate reduced from 18% to 5%. Ready-to-eat extruded snack pellets will continue to attract 18% GST.
The GST rate on fish soluble paste has been reduced from 18% to 5%, effective from 27th July 2023.
Yes, the GST rate on imitation zari thread or yarn, by any name known in trade parlance, has been reduced from 18% to 5%.
The GST rate on Linz-Donawitz (LD) slag has been reduced from 18% to 5% to encourage its better utilisation, as it is an industrial waste product used in agriculture as a source of nutrients and soil conditioner, thereby promoting environmental protection.
Yes, the government has notified new cess rates on pan masala and tobacco products where a retail sale price declaration is not legally required.
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