GST News
Organized traders and unorganized sellers in Textile Sector not effected by GST says FM
19 July 2017 at 10:46FM: Organized traders and unorganized sellers in Textile Sector have not been affected by the Goods and Services Tax (GST). In reply to a Starred Question in Rajya Sabha today, the Union Minister for Finance, Defence and Corporate Affairs, Shri Arun
Position regarding applicability of GST on Legal Services
17 July 2017 at 10:52Position regarding applicability of GST on Legal Services provided by individual Advocates including Senior Advocates and a Firm of Advocates. There are points being raised about the applicability of GST on legal services provided by advocates &ndash
Margin Scheme under GST for dealers in second hand goods in general
17 July 2017 at 10:52Position regarding applicability of the Margin Scheme under GST for dealers in second hand goods in general and for dealers in old and used empty bottles in particular. Doubts have been raised regarding the applicability of the Margin Scheme under GS
Traders requested to register under GST now
17 July 2017 at 10:52Provisions related to registration under GST regime; Traders are requested to register now without waiting for the last date i.e. 30th July, 2017. As per the GST laws, one is required to take registration on or before 30thJuly, 2017. All traders are
Services provided by the Housing Society RWA not to become expensive under GST
14 July 2017 at 11:21Services 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 th
No GST on Annual subscription charged as lodging charges by educational institutions
14 July 2017 at 11:21No 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. T
Clarification on tax in reverse charge on gold ornaments
14 July 2017 at 11:21Further clarification on tax in reverse charge on gold ornaments; Sale of oldjewellery by an individual to a jeweller will not make the jeweller liable to pay tax under reverse charge mechanism on such purchases;However, if an unregistered supplier o
No GST is applicable on free food supplied at religious institutions
12 July 2017 at 11:53No 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, as the case may be. There
Gifts upto Rs 50000 by employer to employee outside GST ambit
11 July 2017 at 11:08Gifts up to a value of Rs 50,000/- per year by an employer to his employee are outside the ambit of GST. However, gifts of value more than Rs 50,000/- made without consideration are subject to GST, when made in the course or furtherance of business.
GST rate for Sanitary Napkins
11 July 2017 at 11:08There are some remarks made by various column writers on GST rate on sanitary napkins. It may be mentioned that the tax incidence on this item before and after GST is the same or less. Sanitary napkins are classifiable under heading 9619. In pre-GST,
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