GST News

Position regarding applicability of GST on Legal Services

17 July 2017 at 10:52

Position 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

Posted in GST | 1 comments | 5847 Views

Margin Scheme under GST for dealers in second hand goods in general

17 July 2017 at 10:52

Position 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

Posted in GST | 1 comments | 4326 Views

Traders requested to register under GST now

17 July 2017 at 10:52

Provisions 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

Posted in GST | 4158 Views

Services provided by the Housing Society RWA not to become expensive under GST

14 July 2017 at 11:21

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 th

Posted in GST | 1 comments | 5268 Views

No GST on Annual subscription charged as lodging charges by educational institutions

14 July 2017 at 11:21

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. T

Posted in GST | 1 comments | 4059 Views

Clarification on tax in reverse charge on gold ornaments

14 July 2017 at 11:21

Further 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

Posted in GST | 1 comments | 6222 Views

No GST is applicable on free food supplied at religious institutions

12 July 2017 at 11:53

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, as the case may be. There

Posted in GST | 5886 Views

Gifts upto Rs 50000 by employer to employee outside GST ambit

11 July 2017 at 11:08

Gifts 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.

Posted in GST | 1 comments | 7650 Views

GST rate for Sanitary Napkins

11 July 2017 at 11:08

There 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,

Posted in GST | 1 comments | 7848 Views

Prices of appliances under UJALA revised after GST comes into effect

10 July 2017 at 10:30

9W LED bulbs to cost Rs70, 20W LED tube light to cost Rs 220 & 5-star rated fans will be available at Rs 1,200Consumers appealed not to pay any amount over and above the prices fixed by EESL for the UJALA appliancesThe prices of energy efficient

Posted in GST | 4923 Views